Volume III · Managed Decline
The Empire of the Dollar vs. the BRICS Parallel Market
Research preview · manuscript under review
Separates different forms of non-dollar trade and financial infrastructure to examine their possible implications for U.S. monetary influence.
Research programme: Siddhartha Harsh Wardhan · Preview updated
The research question
Which changes in trade settlement and financial infrastructure would meaningfully alter monetary influence?
How it connects to Volume III
Connects monetary arrangements to the volume’s inquiry into economic capacity and distribution.
Evidence and limits
Separate settlement currency, invoicing, reserves and payment infrastructure. Use dated measures; a non-dollar transaction does not by itself demonstrate a replacement monetary order.
Continue the inquiry
- From IOUs to Empires — Research preview
- Economic Displacement and Social Welfare — Research preview