Can BRICS De-dollarize the Global Financial System?
Can BRICS De-dollarize the Global Financial System?

Author: Zongyuan Zoe Liu

Publisher: Cambridge University Press

Published: 2022-03-24

Total Pages: 139

ISBN-13: 1009034111

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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.

Can BRICS De-dollarize the Global Financial System?
Can BRICS De-dollarize the Global Financial System?

Author: Zongyuan Zoe Liu

Publisher: Cambridge University Press

Published: 2022-03-24

Total Pages: 75

ISBN-13: 9781009014625

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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.

The World Economy and Financial System
The World Economy and Financial System

Author: Levent Sümer

Publisher: Springer Nature

Published: 2023-04-17

Total Pages: 196

ISBN-13: 3031275306

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This book introduces a new economic and financial system to replace the flawed current system. The past financial crises, including the Great Depression, the Global Financial Crisis, the COVID-19 pandemic, and the ongoing war between Russia and Ukraine, have showed us that the global financial system has problems and that a paradigm change and mindset shift to provide a better world to society is essential. This book brings a new sustainable approach to replace the current system and will be of interest to academics, policymakers, and professionals working with financial markets, financial economics, sustainability, and impact finance.

Indo-Asian Geopolitics: Contemporary Perspectives by DRaS
Indo-Asian Geopolitics: Contemporary Perspectives by DRaS

Author: Group Captain R Srinivasan VSM (Retd)

Publisher: Highlyy Publishing LLP

Published: 2023-05-27

Total Pages: 159

ISBN-13: 9395522194

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India remains integral in all the discourses on Asian Century. Eminent scholars have conceptualized and provided nuanced interpretations of India's aspirations, threats, and options with regard to Pakistan, Afghanistan, Russia and China in South China Sea. Acknowledging these scholarly views but stepping beyond, a set of emerging scholars from India attempt to examine the concepts of nations, national identity and war, and multilateralism in this book. Extrapolating these concepts into current affairs, they then evaluate CPEC, India-Afghanistan- Pakistan, and China-Taiwan conundrum. They also critically look at the emerging challenge of private military contractors in international security and the potentially provocative Russia-India-China alliance using the Primakov Doctrine, taking de-dollarization as a case study. The student-authors were mentored and guided in their research for their contributions during their internship with Praghna Centre for Research and Defence Research and Studies, as part of a research writing program spanning four months.

The Third Pan-African Revolution
The Third Pan-African Revolution

Author: Bidiga Abdoul-Bassiti

Publisher: Abdoul-Bassiti BIDIGA

Published:

Total Pages: 163

ISBN-13:

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A tri-civilizational war is ongoing, to which Africa has attempted to respond over three distinct periods, each marked by divergent realities. The current third revolution is set against an African context that has long served as a laboratory for new economic structures, unions, and tools of economic and psychological warfare, among others. Through this diversity of experiments and models imposed by the leaders of the old world order, African potential continues to be hindered, preventing local populations from fully benefiting. There is even a risk to the survival of the Black African civilization. Hence, there is an urgent need to rethink the only effective response that has been implemented since 3200 BC: Pan-Africanism, particularly considering the geo-economic imperatives that underpin this war of civilizations.

Westlessness
Westlessness

Author: Samir Puri

Publisher: Hodder & Stoughton

Published: 2024-07-25

Total Pages: 504

ISBN-13: 1399722662

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What if the sun truly is setting on the Western world's outsized influence over the rest of the planet? In Westlessness, former UK diplomat Dr Samir Puri vividly demonstrates how in demographic, economic, military and cultural terms, we are hurtling into a far more diverse global future. Many of our certainties about the present, built on centuries of massive Western global impact, are increasingly fragile. Untold wealth is moving from the West to the East, as nations like India and Indonesia are set to reach new heights of growth and confidence. And China continues its ascent to the peak of the economic mountain - but are cracks appearing? And will the Western world, under the aegis of US global military, economic, technological and cultural power, give up its privileged position willingly? Nothing is linear and nothing is predictable. Are we prepared, personally and professionally, for a far more diverse global future? Prepared or unprepared, Westlessness is essential reading for us all.

Research Handbook on Post-Pandemic EU Economic Governance and NGEU Law
Research Handbook on Post-Pandemic EU Economic Governance and NGEU Law

Author: Federico Fabbrini

Publisher: Edward Elgar Publishing

Published: 2024-09-06

Total Pages: 383

ISBN-13: 103532816X

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This Research Handbook provides a comprehensive analysis of post-pandemic EU economic governance and Next Generation EU (NGEU) law. It explores the profound impact of Covid-19 on the architecture of EU economic governance, focusing on the establishment and implications of the NGEU Recovery Fund.

Trading with Pariahs
Trading with Pariahs

Author: Keith A. Preble

Publisher: Rowman & Littlefield

Published: 2024-08-22

Total Pages: 201

ISBN-13: 1666903744

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The past few decades have witnessed a proliferation of economic sanctions, yet there seem to be few examples of sanctions meeting sender states’ goals. Under what conditions do sanctions fail to change the behavior of so-called international “pariah states,” countries who violate various international norms? This book examines the impact of economic sanctions on target states’ trading relationships through social network analysis, a method that has rarely been applied to the study of sanctions. Drawing on UN Comtrade data, Trading with Pariahs: Trade Networks and the Failure of Economic Sanctions shows that the imposition of sanctions can drastically change some states’ trading networks, as states either find new trading partners (in the case of North Korea) or feel the sting of the sanctions from key trading partners (like Iran). Trading networks (such as Myanmar’s) remain relatively stable over time as key trading partners refuse to impose sanctions. Through the theory of weaponized interdependence, Keith A. Preble and Charmaine N. Willis argue that the success or failure of sanctions to change target states’ behavior depends on who imposes the sanctions. Sanctions imposed by the “right” sender states can be successful but also cannot rely solely on policies of isolation to achieve the goals of the sanctions.

Dollar Hegemony
Dollar Hegemony

Author: Thomas Palley

Publisher: Edward Elgar Publishing

Published: 2024-01-18

Total Pages: 145

ISBN-13: 1035320932

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Dollar hegemony is a defining structural feature of the modern international financial order, and it confers significant economic and political privileges on the US. This book explores the political economic foundations of and prospects for dollar hegemony.

Regulation of Cryptocurrencies and Blockchain Technologies
Regulation of Cryptocurrencies and Blockchain Technologies

Author: Rosario Girasa

Publisher: Springer Nature

Published: 2022-12-07

Total Pages: 406

ISBN-13: 3031218124

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This second edition further explores the regulatory landscape of cryptocurrency, highlighting the rise of Bitcoin, which is based on blockchain technology, and some of the many types of coins and tokens that emerged thereafter. Although Bitcoin and other cryptocurrencies have made national and international news with their dramatic rise and decline in value, nevertheless the underlying technology is being adopted by both industry and governments, which have noted the benefits of speed, cost efficiency, and protection from hacking. Based on numerous downloaded articles, laws, cases, and other materials, the book discusses the digital transformation, the types of cryptocurrencies, key actors, and the benefits and risks. It also addresses legal issues of digital technology and the evolving U.S. federal regulation. The varying treatment by individual U.S. states is reviewed together with attempts by organizations to arrive at a uniform regulatory regime. Both civil and criminal prosecutions are highlighted with an examination of the major cases that have arisen. This second edition specifically explores the creation of stablecoins, governments issuance of their own versions of digital currencies, new regulations that have been enacted and promulgated, and a clearer examination of futuristic evolutions that potentially will have a major impact upon the current cited technologies.