03324nam 2200577 450 991068857170332120220927170841.01-009-03411-11-009-03431-61-009-02954-1(CKB)4100000012614926(UkCbUP)CR9781009029544(oapen)https://directory.doabooks.org/handle/20.500.12854/90920(PPN)260754226(EXLCZ)99410000001261492620201214d2022|||| uy 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierCan BRICS de-dollarize the global financial system? /Zongyuan Zoe Liu, Mihaela PapaCambridge University Press2022Cambridge :Cambridge University Press,2022.1 online resource (85 pages) digital, PDF file(s)Cambridge elements. Elements in the economics of emerging markets,2631-8598Open Access.Title from publisher's bibliographic system (viewed on 25 Feb 2022).1-009-01462-5 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 researchExisting 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.Cambridge elements.Elements in the economics of emerging markets,2631-8598.International tradeDollarizationBRIC countriesMonetary policyBRIC countriesBRIC countriesCommercial policyBRIC countriesForeign economic relationseconomicsemerging marketsInternational trade.DollarizationMonetary policy382/.3091724Liu Zongyuan Zoe1351847Papa MihaelaUkCbUPUkCbUPBOOK9910688571703321Can BRICS de-dollarize the global financial system3136478UNINA