LEADER 03324nam 2200577 450 001 9910688571703321 005 20220927170841.0 010 $a1-009-03411-1 010 $a1-009-03431-6 010 $a1-009-02954-1 035 $a(CKB)4100000012614926 035 $a(UkCbUP)CR9781009029544 035 $a(oapen)https://directory.doabooks.org/handle/20.500.12854/90920 035 $a(PPN)260754226 035 $a(EXLCZ)994100000012614926 100 $a20201214d2022|||| uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aCan BRICS de-dollarize the global financial system? /$fZongyuan Zoe Liu, Mihaela Papa 210 $cCambridge University Press$d2022 210 1$aCambridge :$cCambridge University Press,$d2022. 215 $a1 online resource (85 pages) $cdigital, PDF file(s) 225 1 $aCambridge elements. Elements in the economics of emerging markets,$x2631-8598 300 $aOpen Access. 300 $aTitle from publisher's bibliographic system (viewed on 25 Feb 2022). 311 1 $a1-009-01462-5 327 $aA 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 330 $aExisting scholarship has not systematically examined BRICS (Brazil-Russia-India-China-South Africa) as a rising power de-dollarization coalition, despite the group developing multiple de-dollarization initiatives to reduce currency risk and bypass US sanctions. To fill this gap, this study develops a 'Pathways to De-dollarization' framework and applies it to analyze the institutional and market mechanisms that BRICS countries have created at the BRICS, sub-BRICS, and BRICS Plus levels. This framework identifies the leaders and followers of the BRICS de-dollarization coalition, assesses its robustness, and discerns how BRICS mobilizes other stakeholders. The authors employ process tracing, content analysis, semi-structured interviews, archival research, and statistical analysis of quantitative market data to analyze BRICS activities during 2009-2021. They find that BRICS' coalitional de-dollarization initiatives have established critical infrastructure for a prospective alternative nondollar global financial system. This title is also available as Open Access on Cambridge Core. 410 0$aCambridge elements.$pElements in the economics of emerging markets,$x2631-8598. 606 $aInternational trade 606 $aDollarization$zBRIC countries 606 $aMonetary policy$zBRIC countries 607 $aBRIC countries$xCommercial policy 607 $aBRIC countries$xForeign economic relations 610 $aeconomics 610 $aemerging markets 615 0$aInternational trade. 615 0$aDollarization 615 0$aMonetary policy 676 $a382/.3091724 700 $aLiu$b Zongyuan Zoe$01351847 702 $aPapa$b Mihaela 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910688571703321 996 $aCan BRICS de-dollarize the global financial system$93136478 997 $aUNINA