Can BRICS De-dollarize the Global Financial System?

Can BRICS De-dollarize the Global Financial System?
Title Can BRICS De-dollarize the Global Financial System? PDF eBook
Author Zongyuan Zoe Liu
Publisher Cambridge University Press
Pages 139
Release 2022-03-24
Genre Business & Economics
ISBN 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.

The World Economy and Financial System

The World Economy and Financial System
Title The World Economy and Financial System PDF eBook
Author Levent Sümer
Publisher Springer Nature
Pages 196
Release 2023-04-17
Genre Business & Economics
ISBN 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
Title Indo-Asian Geopolitics: Contemporary Perspectives by DRaS PDF eBook
Author Group Captain R Srinivasan VSM (Retd)
Publisher Highlyy Publishing LLP
Pages 159
Release 2023-05-27
Genre History
ISBN 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
Title The Third Pan-African Revolution PDF eBook
Author Bidiga Abdoul-Bassiti
Publisher Abdoul-Bassiti BIDIGA
Pages 163
Release
Genre Political Science
ISBN

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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
Title Westlessness PDF eBook
Author Samir Puri
Publisher Hodder & Stoughton
Pages 504
Release 2024-07-25
Genre Political Science
ISBN 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
Title Research Handbook on Post-Pandemic EU Economic Governance and NGEU Law PDF eBook
Author Federico Fabbrini
Publisher Edward Elgar Publishing
Pages 383
Release 2024-09-06
Genre Law
ISBN 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
Title Trading with Pariahs PDF eBook
Author Keith A. Preble
Publisher Rowman & Littlefield
Pages 201
Release 2024-08-22
Genre Political Science
ISBN 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.