Zongyuan Zoe Liu

Can BRICS De-dollarize the Global Financial System? (eBook, PDF)

• Format: PDF

Produktbeschreibung

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.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 24. März 2022
• Englisch
• ISBN-13: 9781009034319
• Artikelnr.: 66176256

Inhaltsangabe

1. Introduction; 2. A Coalitional De
dollarization Challenge?; 3. BRICS as a De
dollarization Coalition; 4. 'Go
it
Alone' Strategy: Establishing New Institutions and Market Mechanisms; 5. 'Reform
the
Status
Quo' Strategy: Remaking Existing Institutions and Markets; 6. Conclusion and Implications for Future Research.