Can BRICS De-dollarize the Global Financial System? EPUB
by Zongyuan Zoe Liu, Mihaela Papa
EPUB
Description
Existing scholarship has not systematically examined BRICS (Brazil-Russia-India-China-South Africa) as a rising power de-dollarization coalition, despite the group developing multiple de-dollarization initiatives to reduce currency risk and bypass US sanctions.
To fill this gap, this study develops a 'Pathways to De-dollarization' framework and applies it to analyze the institutional and market mechanisms that BRICS countries have created at the BRICS, sub-BRICS, and BRICS Plus levels.
This framework identifies the leaders and followers of the BRICS de-dollarization coalition, assesses its robustness, and discerns how BRICS mobilizes other stakeholders.
The authors employ process tracing, content analysis, semi-structured interviews, archival research, and statistical analysis of quantitative market data to analyze BRICS activities during 2009-2021.
They find that BRICS' coalitional de-dollarization initiatives have established critical infrastructure for a prospective alternative nondollar global financial system.
This title is also available as Open Access on Cambridge Core.
Information
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Download - Immediately Available
- Format:EPUB
- Publisher:Cambridge University Press
- Publication Date:24/03/2022
- Category:
- ISBN:9781009034111
Information
-
Download - Immediately Available
- Format:EPUB
- Publisher:Cambridge University Press
- Publication Date:24/03/2022
- Category:
- ISBN:9781009034111
