Can BRICS de-dollarize the global financial system? / / Zongyuan Zoe Liu, Mihaela Papa.
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...
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Superior document: | Cambridge elements. Elements in the economics of emerging markets, |
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Place / Publishing House: | Cambridge : : Cambridge University Press,, 2022. |
Year of Publication: | 2022 |
Language: | English |
Series: | Cambridge elements. Elements in the economics of emerging markets,
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Physical Description: | 1 online resource (85 pages) :; digital, PDF file(s). |
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(CKB)4100000012614926 (UkCbUP)CR9781009029544 (PPN)260754226 (oapen)https://directory.doabooks.org/handle/20.500.12854/90920 (EXLCZ)994100000012614926 |
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Liu, Zongyuan Zoe, author. Can BRICS de-dollarize the global financial system? / Zongyuan Zoe Liu, Mihaela Papa. Cambridge University Press 2022 Cambridge : Cambridge University Press, 2022. 1 online resource (85 pages) : digital, PDF file(s). text txt rdacontent computer c rdamedia online resource cr rdacarrier Cambridge elements. Elements in the economics of emerging markets, 2631-8598 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 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. Open Access. Title from publisher's bibliographic system (viewed on 25 Feb 2022). English International trade. Dollarization BRIC countries. Monetary policy BRIC countries. BRIC countries Commercial policy. BRIC countries Foreign economic relations. economics emerging markets 1-009-01462-5 Papa, Mihaela, author. Cambridge elements. Elements in the economics of emerging markets, 2631-8598. |
language |
English |
format |
eBook |
author |
Liu, Zongyuan Zoe, Papa, Mihaela, |
spellingShingle |
Liu, Zongyuan Zoe, Papa, Mihaela, Can BRICS de-dollarize the global financial system? / Cambridge elements. Elements in the economics of emerging markets, 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 |
author_facet |
Liu, Zongyuan Zoe, Papa, Mihaela, Papa, Mihaela, |
author_variant |
z z l zz zzl m p mp |
author_role |
VerfasserIn VerfasserIn |
author2 |
Papa, Mihaela, |
author2_role |
TeilnehmendeR |
author_sort |
Liu, Zongyuan Zoe, |
title |
Can BRICS de-dollarize the global financial system? / |
title_full |
Can BRICS de-dollarize the global financial system? / Zongyuan Zoe Liu, Mihaela Papa. |
title_fullStr |
Can BRICS de-dollarize the global financial system? / Zongyuan Zoe Liu, Mihaela Papa. |
title_full_unstemmed |
Can BRICS de-dollarize the global financial system? / Zongyuan Zoe Liu, Mihaela Papa. |
title_auth |
Can BRICS de-dollarize the global financial system? / |
title_new |
Can BRICS de-dollarize the global financial system? / |
title_sort |
can brics de-dollarize the global financial system? / |
series |
Cambridge elements. Elements in the economics of emerging markets, |
series2 |
Cambridge elements. Elements in the economics of emerging markets, |
publisher |
Cambridge University Press Cambridge University Press, |
publishDate |
2022 |
physical |
1 online resource (85 pages) : digital, PDF file(s). |
contents |
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 |
isbn |
1-009-02954-1 1-009-01462-5 |
issn |
2631-8598 |
callnumber-first |
H - Social Science |
callnumber-subject |
HF - Commerce |
callnumber-label |
HF4055 |
callnumber-sort |
HF 44055 L59 42022 |
geographic |
BRIC countries Commercial policy. BRIC countries Foreign economic relations. |
geographic_facet |
BRIC countries. BRIC countries |
illustrated |
Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
380 - Commerce, communications & transportation |
dewey-ones |
382 - International commerce |
dewey-full |
382/.3091724 |
dewey-sort |
3382 73091724 |
dewey-raw |
382/.3091724 |
dewey-search |
382/.3091724 |
work_keys_str_mv |
AT liuzongyuanzoe canbricsdedollarizetheglobalfinancialsystem AT papamihaela canbricsdedollarizetheglobalfinancialsystem |
status_str |
n |
ids_txt_mv |
(CKB)4100000012614926 (UkCbUP)CR9781009029544 (PPN)260754226 (oapen)https://directory.doabooks.org/handle/20.500.12854/90920 (EXLCZ)994100000012614926 |
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hierarchy_parent_title |
Cambridge elements. Elements in the economics of emerging markets, |
is_hierarchy_title |
Can BRICS de-dollarize the global financial system? / |
container_title |
Cambridge elements. Elements in the economics of emerging markets, |
author2_original_writing_str_mv |
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