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Record Nr. |
UNINA9910688571703321 |
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Autore |
Liu Zongyuan Zoe |
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Titolo |
Can BRICS de-dollarize the global financial system? / / Zongyuan Zoe Liu, Mihaela Papa |
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Pubbl/distr/stampa |
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Cambridge University Press, 2022 |
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Cambridge : , : Cambridge University Press, , 2022 |
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ISBN |
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1-009-03411-1 |
1-009-03431-6 |
1-009-02954-1 |
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Descrizione fisica |
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1 online resource (85 pages) : digital, PDF file(s) |
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Collana |
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Cambridge elements. Elements in the economics of emerging markets, , 2631-8598 |
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Disciplina |
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Soggetti |
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International trade |
Dollarization - BRIC countries |
Monetary policy - BRIC countries |
BRIC countries Commercial policy |
BRIC countries Foreign economic relations |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Open Access. |
Title from publisher's bibliographic system (viewed on 25 Feb 2022). |
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Nota di contenuto |
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A coalitional de-dollarization challenge? BRICS as a de-dollarization coalition "Go-it-alone" strategy : establishing new institutions and market mechanisms "Reform-the-status-quo" strategy : remaking existing institutions and markets Conclusion and implications for future research |
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Sommario/riassunto |
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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 |
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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. |
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