Can BRICS de-dollarize the global financial system? / / Zongyuan Zoe Liu, Mihaela Papa
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| Autore: |
Liu Zongyuan Zoe
|
| Titolo: |
Can BRICS de-dollarize the global financial system? / / Zongyuan Zoe Liu, Mihaela Papa
|
| Pubblicazione: | Cambridge University Press, 2022 |
| Cambridge : , : Cambridge University Press, , 2022 | |
| Descrizione fisica: | 1 online resource (85 pages) : digital, PDF file(s) |
| Disciplina: | 382/.3091724 |
| Soggetto topico: | International trade |
| Dollarization - BRIC countries | |
| Monetary policy - BRIC countries | |
| Soggetto geografico: | BRIC countries Commercial policy |
| BRIC countries Foreign economic relations | |
| Soggetto non controllato: | economics |
| emerging markets | |
| Persona (resp. second.): | PapaMihaela |
| Note generali: | Open Access. |
| Title from publisher's bibliographic system (viewed on 25 Feb 2022). | |
| Nota di contenuto: | 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 |
| Sommario/riassunto: | 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. |
| Titolo autorizzato: | Can BRICS de-dollarize the global financial system |
| ISBN: | 1-009-03411-1 |
| 1-009-03431-6 | |
| 1-009-02954-1 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910688571703321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
Cambridge elements. . -Elements in the economics of emerging markets, . 2631-8598.