The mean value of the modules of the differences between the actual and the model shares of invoicing currencies in Russia’s trade with BRICS countries depending on the parameters of the logistics curve, %. Source: own calculations based on data from CEPII BACI and Bank of Russia for 2019
Part of: Gnidchenko A (2023) Bargaining power, product differentiation, and currency patterns in intra-BRICS trade. BRICS Journal of Economics 4(3): 285-299. https://doi.org/10.3897/brics-econ.4.e102638