Publication:
Can BRICS De-dollarize the Global Financial System?
Can BRICS De-dollarize the Global Financial System?
| dc.contributor.author | Zongyuan Zoe Liu, Mihaela Papa | |
| dc.date.accessioned | 2024-01-19T02:25:54Z | |
| dc.date.available | 2024-01-19T02:25:54Z | |
| dc.date.issued | 2022 | |
| dc.description | Publisher: Cambridge University Press ; License: CC BY-NC-ND ; Source: https://doi.org/10.1017/9781009029544 ; pages | |
| dc.description.abstract | 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. | |
| dc.identifier.isbn | 9781009029544 | |
| dc.identifier.uri | http://repository.vlu.edu.vn:443/handle/123456789/12279 | |
| dc.language.iso | en_US | |
| dc.subject | global financial governance | |
| dc.subject | BRICS | |
| dc.subject | de-dollarization | |
| dc.subject | currency power | |
| dc.subject | emerging economies | |
| dc.title | Can BRICS De-dollarize the Global Financial System? | |
| dc.type | Resource Types::text::book | |
| dspace.entity.type | Publication | |
| oairecerif.author.affiliation | #PLACEHOLDER_PARENT_METADATA_VALUE# |
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