Dr Annina Kaltenbrunner and Dr Bianca Orsi talk about the implications different types of currency internationalisation have, particularly in the context of emerging markets, and discuss their research on the Brazilian real. They highlight the strategy of currency regionalisation, rather than full currency internationalisation, and introduce the SML – a South American regional payment mechanisms – which could support such a currency regionalisation.    

You can read the reports on currency internationalisation and on the SML on the project webpage.

This podcast episode was recorded remotely in May 2021. If you would like to get in touch regarding this podcast, please contact [email protected]. A transcript of this episode is available.  

About the speakers: Dr Annina Kaltenbrunner is Associate Professor in the Economics of Globalisation and the International Economy at Leeds University Business School. Her research focuses on money, finance and macroeconomic policy in developing and emerging economies.  Dr Bianca Orsi is a Teaching Fellow in the Economics division, with research interests in monetary policy, inflation, capital controls, currency internationalisation and currency hierarchy.