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Authors:

  • Jeffry Frieden

Excerpt

January 23, 2023, Audio: "Brazil and Argentina are expected to announce preliminary plans about a common currency this week. The two countries are now politically aligned, following the recent election of Brazil’s former president, Luiz Inácio Lula da Silva of Brazil. This could set the stage for another major currency blocking as both a blueprint and a cautionary tale.  The idea of having Brazil and Argentina go in on a common currency is raising the same question in many corners right now, with the eurozone serving..."