Work

The impact of the conflict between theUnited States and BRICS countries on the dollar's dominance in the global financial system - a quantitative study for the period 2000-2023

Year: 2025

Type: article

Abstract: The international arena is witnessing a series of changes in the international system that have led to the emergence of global blocs such as the G7 and BRICS countries. This study aims to analyze the impact of the conflict between the United States and BRICS countries on the dominance of the dollar and the prevailing global financial system. The study found an effect of both gross domestic product and the volume of foreign trade of BRICS countries on the proportion of international reserves in dollars, but these countries have not provided possible alternatives to the dollar. Removing the dollar requires strong financial tools, such as alternative payment systems and mature capital markets.

Source: South Florida Journal of Development

DOI: 10.46932/sfjdv6n5-022

Authors: Djediden Lahcene, Benameur Abdelkrim, Benyahia Hocine, Bouali Abdelkader

Institution: Université de ain Témouchent

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4410240632

FWCI: 0.974

Cites: 8

Cited by: 1

Related to: 10