Download or read book Can BRICS De dollarize the Global Financial System written by Zongyuan Zoe Liu and published by Cambridge University Press. This book was released on 2022-03-24 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The US Dollar and the BRICS Challenge Heading Toward a New Global Financial Order written by Hermann Selchow and published by Hermann Selchow. This book was released on 2023-08-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The upcoming BRICS summit is just around the corner. The five BRICS nations are reportedly planning their own gold-based reserve currency. This rumor gains traction due to several events. Firstly, the world is currently undergoing structural changes. NATO's expansion towards the east and north in Europe continues, with Sweden currently on the agenda. Sweden boasts one of the largest gold reserves globally. An immediate consequence of NATO's eastward expansion is the military conflicts in Ukraine. Russia has been excluded from the SWIFT system. This exclusion means that Russian banks can no longer directly communicate with other international banks for cross-border transactions. Without access to the SWIFT network, Russia is cut off from most international payment and settlement systems. This could complicate trade with other countries and impact economic relationships. Such isolation could destabilize Russian financial markets and erode investor confidence. The exclusion from the SWIFT system is a serious measure and is to be understood as a political leverage. Thus, it's not surprising that the rumor about a potentially Yuan-backed new reserve currency is gaining momentum. Additionally, the evidently unsuccessful visit of American Secretary of State Blinken to China resulted in a sharp drop in the US dollar's value. China holds massive dollar reserves due to its trade surplus. However, the global economy is a complex network influenced by various actors and circumstances. In recent decades, the dominance of the US dollar as the world's reserve currency has played a significant role. The dollar has shaped the international trade landscape for many decades and profoundly influenced geopolitical relations. Yet, in recent years, new powers have risen, challenging the status quo. The BRICS nations - Brazil, Russia, India, China, and South Africa - have gained increasing economic importance and are pushing for a reform of the international financial system. My book, "The US Dollar and the BRICS Challenge," aims to bring readers closer to the history of dollar dominance and the emerging BRICS nations as potential counterbalances. It should be seen as an attempt to shed light on current events in the world and help better understand ongoing upheavals and restructuring. The book delves into the backgrounds that have led to the power struggles of our time and offers insights into a possible future, analyzing the implications for the global economy. The various aspects of the topic are explored, starting from the historical events that led to the emergence of dollar dominance, all the way to the current efforts of the BRICS nations to break free from this dominance and strengthen their own positions. We will examine the roots of dollar dominance, covering key milestones from the 1944 Bretton Woods Conference to the abandonment of the gold standard in 1971. The crucial role of the United States as a superpower and its economic and political interests in maintaining dollar dominance will also be scrutinized. Another part of the book focuses on the BRICS nations and their rise as economic heavyweights. Each country is examined individually to analyze its specific economic, political, and social developments. While all five countries face different challenges and opportunities, they all strive to have their voices heard in the global economic order. Their efforts to build alternative currency and financial structures are also thoroughly examined. Furthermore, the conflicts and tensions between the US dollar and the BRICS nations are closely examined. I aim to illustrate how the United States defends its dominance in the world economy by all means and takes measures to preserve the dollar's status. Simultaneously, the BRICS nations are forming their own economic alliance and seeking ways to break free from dollar dependency.
Download or read book The World Economy and Financial System written by Levent Sümer and published by Springer Nature. This book was released on 2023-04-17 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Indo Asian Geopolitics Contemporary Perspectives by DRaS written by Group Captain R Srinivasan VSM (Retd) and published by Highlyy Publishing LLP. This book was released on 2023-05-27 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Dollar Hegemony written by Thomas Palley and published by Edward Elgar Publishing. This book was released on 2024-01-18 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Regulation of Cryptocurrencies and Blockchain Technologies written by Rosario Girasa and published by Springer Nature. This book was released on 2022-12-07 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Future of Multilateralism and Globalization in the Age of the U S China Rivalry written by Norbert Gaillard and published by Taylor & Francis. This book was released on 2023-10-26 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the growing consensus that the rise of China is transforming international relations, policy makers and scholars have not sufficiently addressed the geopolitical and geoeconomic implications of a new paradigm, especially since the Covid-19 pandemic and the Russo-Ukrainian war. This book fills this gap. This is an original and innovative book that investigates how a new modus vivendi between China and the United States in a post-globalized world requires more economic independence because of the distrust between G20 economies but heightened international cooperation, in order to avert a shift to nationalism and protectionism and to fight financial and climate crises. The book is divided into four parts. Part I investigates the specific features of Chinese and U.S. capitalisms; Part II argues that several flaws observed in the multilateral architecture since the early 2000s have caused global imbalances and increased misunderstanding and mistrust between the two superpowers; Part III analyzes how the China-U.S. rivalry has manifested in Asia, Latin America, and in terms of global development finance and finally, Part IV provides a blueprint for a successful and revamped international order. The book provides an ambitious interdisciplinary analysis of the future of multilateralism and globalization with contributions from economists, lawyers, and political scientists. Due to its multidisciplinary approach, the book will attract the interest of scholars and postgraduate students from wide ranging fields, as well as practitioners working in international organizations, policy makers and more generally educated lay readers interested in the topic.
Download or read book Human Centered Design and User Experience written by Tareq Ahram and Christianne Falcão and published by AHFE Conference. This book was released on 2023-12-04 with total page 793 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of the AHFE International Conference on Human Factors in Design, Engineering, and Computing (AHFE 2023 Hawaii Edition), Honolulu, Hawaii, USA 4-6, December 2023
Download or read book Asian Security in the Age of Globalization written by Lui Hebron and published by Taylor & Francis. This book was released on 2024-05-03 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the security challenges and opportunities that the nation-states of Asia confront in an era of globalization. With consideration of the increasingly border-less nature of international relations via the integrative process of globalization, this book explores the emerging threats to regional and national security in Asia. It looks beyond traditional military threats, analysing non-traditional aspects of security including economic, social, environmental, transnational, energy, health concerns and threats posed by organized-crime groups. Its approach is organized both theoretically and, in a country-specific, case study form which provides contemporary examples of the threats faced in the region. By acknowledging that contemporary Asian security has become much more complex and complicated, it highlights the uncertainty and instability that the nation-states of the Indo-Pacific region confront. Presenting both a globally oriented and expanded vision of Asian security, this book is an excellent resource for scholars and students of Asian Studies, International Relations and Global Studies.
Download or read book On the Road to Economic Prosperity written by Tuan Anh Luong and published by Cambridge University Press. This book was released on 2022-11-03 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element investigates how the Ghanaian household wealth index is impacted by travel time reduction, which is a direct effect of infrastructural investments from 2000 to 2016. The wealth index is constructed based on the possession of selected assets and reflects the well-being of residents in Ghana. The Element employs two datasets, the Demographic and Health Survey (DHS) and the DHS Covariates. The two-stage least square estimation is implemented to establish the causal relationship. The Element finds that a ten percent reduction in travel time from 2000 to 2015 would result in a 1.2 percent increase in the wealth index from 2003 to 2016. This finding is robust to various settings, including the addition of more control variables, the use of different instrumental variables, and the study of both short-term and long-term effects. The analysis lends support to the Ghanaian government's current economic and infrastructure development plans.
Download or read book The Paradox of Gender Equality and Economic Outcomes in Sub Saharan Africa written by Evelyn F. Wamboye and published by Cambridge University Press. This book was released on 2023-10-05 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element highlights the idea that men and the society at large will benefit with women owning land. Land ownership by women improves their bargaining power and enhances their ability to survive outside unproductive power structure or gender relationships.
Download or read book Changing Geopolitics of Global Communication written by Daya Thussu and published by Taylor & Francis. This book was released on 2024-07-31 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Geopolitics of Global Communication examines the rapidly evolving dynamics between global communication and geopolitics. As an intersection between communication and international relations, it bridges the existing gap in scholarship and highlights the growing importance of digital communication in legitimizing and promoting the geopolitical and economic goals of leading powers. One central theme that emerges in the book is the continuity of asymmetries in power relations that can be traced back to 19th-century European imperialism, manifested in its various incarnations from ‘liberal’ to ‘neo-liberal’, to ‘digital’ imperialism. The book includes a discussion of the post–Cold War US-led transformation of the hardware and software of global communication and how it has been challenged by the ‘rise of the rest’, especially China. Other key issues covered include the geopolitics of image wars, weaponization of information and the visibility of discourses emanating from outside the Euro-Atlantic zone. The ideas and arguments advanced here privilege a reading of geopolitical processes and examples from the perspective of the global South. Written by a leading scholar of global communication, this comprehensive and transdisciplinary study adopts a holistic approach and will be of interest to the global community of scholars, researchers and commentators in communication and international relations, among other fields.
Download or read book COVID 19 and Islamic Finance written by M. Kabir Hassan and published by Cambridge University Press. This book was released on 2022-07-07 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this Element is to provide an overview of Islamic finance by highlighting the impact of the pandemic on it in a comprehensive manner by looking at two branches of Islamic finance: Islamic commercial finance; and Islamic social finance. The approach that is adopted in this Element is to first provide an overview of Islamic finance to the readers in a simple and easy manner followed by the impact of pandemic discussed separately for both types of Islamic finance. Last, but not least, the Element also recommends ways in which Islamic finance could be further improved in the light of the lessons learnt from the pandemic. It is anticipated that the recommendations made in this regard would assist policymakers, practitioners, researchers and other stakeholders of Islamic finance to understand the way to unlock the full potential of Islamic finance to reduce the wealth gap and achieve financial inclusion.
Download or read book State of Threat written by Wil Hoverd and published by Massey University Press. This book was released on 2023-11-16 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing US&– China tensions, Russia' s invasion of Ukraine, disruptions to supply chains and maritime trade, right-wing extremism, gangs and the drug trade . . . The international and domestic security environment is dynamic and fraught. In State of Threat, local and international academics and sector experts discuss the issues facing New Zealand across defence, diplomacy, intelligence, policy, trade and border management.This timely and up-to-date analysis of New Zealand' s most important security issues is a must-read for policy analysts, those working in risk management and industry leaders across all sectors of the economy.
Download or read book Harnessing Sovereign Wealth Funds in Emerging Economies toward Sustainable Development written by Mona Mostafa El-Sholkamy and published by Cambridge University Press. This book was released on 2022-08-04 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sovereign Wealth Funds are government investment vehicles that have been present for decades. They are usually characterized by minimum information disclosure, however, this situation differed after worldwide events shed light on the role they possess to mitigate their downturns. The substantial economic influence they bring along due to their size and long term impact have recently created an uproar of debate that eventually led to the ratification of the Santiago Principles. The Principles set the stage for governing SWFs' operations and grant them more clarity. They also contribute to a more stable environment for cross-border investment flows. With the importance of SWFs, emerging economies also rose as key institutional investors; only this time they called for harnessing their funds towards sustainable development investment strategies. Despite pressuring need to improve transparency and governance structures of SWFs in EMs, the former are regarded as promising means for achieving the sustainable development goals.
Download or read book Dedollarization written by Mr.Romain Veyrune and published by International Monetary Fund. This book was released on 2010-08-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a summary of the key policies that encourage dedollarization. It focuses on cases in which the authorities’ intention is to gain greater control of monetary policy and draws on the experiences of countries that have successfully dedollarized. Unlike previous work on the subject, this paper examines both macroeconomic stabilization policies and microeconomic measures, such as prudential regulation of the financial system. This study is also the first attempt to make extensive use of the foreign exchange regulation data reported in the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. The main conclusion is that durable dedollarization depends on a credible disinflation plan and specific microeconomic measures.
Download or read book China on the Rise written by Efe Can Gürcan and published by Taylor & Francis. This book was released on 2024-07-23 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses China’s multidimensional rise in the context of the international political economy, drawing on Susan Strange’s concept of "structural power." Examining the sources of Chinese power along with its geopolitical, economic, and cultural reflections, the authors consider how China’s rise is linked with the incremental process of multipolarization in world politics. Providing a systematic, analytical, and empirically rich account of China's surge in the international political economy, this study will appeal to scholars, policy-makers, and students with interests in China studies, international political economy, and international relations.
