Can BRICS De-dollarize the Global Financial System?
Summary
The feel-good place to buy books
Can BRICS De-dollarize the Global Financial System? by Zongyuan Zoe Liu
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.| SKU | Unavailable |
| ISBN 13 | 9781009014625 |
| ISBN 10 | 1009014625 |
| Title | Can BRICS De-dollarize the Global Financial System? |
| Author | Zongyuan Zoe Liu |
| Series | Elements In The Economics Of Emerging Markets |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Cambridge University Press |
| Year published | 2022-03-24 |
| Number of pages | 75 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |