Central to this ongoing situation is the US trade war with China, as well as US sanctions on China and Russia. Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known asde-d...
“Central banks, particularly those of Russia, China and India, have been large purchasers of gold over the last five to 10 years,” says Liegel in his newsletterGlobal Macro Playbook. “All three of these countries are now part of the BRICS currency that will be backed by gold. As ...
It’s essential to comprehend the intricacies of investing before buying and its vital to understand the global situation in 2023, so read up on the banking collapse and the BRICS currency potential before jumping into any investment. Let’s explore gold-based investment options. Gold IRA A gold...
The non-Western coalition known as “BRICS” (Brazil, Russia, India, China, and South Africa) may go ahead and introduce a new gold-backed global currency. Though it may be a flawed idea, according to theFinancial Times,emerging powers may have an interest in thwarting the US dollar’s c...
International funds are mutual funds or ETFs that invest in companies outside the investor's country of origin. Within emerging markets, investors will find funds that represent leading sub-segments such as the BRICS nations. Investing in international funds comes with the risk of currency volatility...
In this study, spectral Granger causality analysis is employed to investigate the spectral dynamics of uncertainty transmission and its impact on economic growth and financial development in Saudi Arabia from 1993 to 2020. We examine the relationships between crude oil volatility, geopolitical risk, glob...
I read Joe Studwell’s How Asia Works because it claimed to answer two of the greatest questions in development economics: How did countries like Japan, Taiwan, South Korea, and China achieve sustained, high growth and turn into development success stories? And why have so few other countries...
In the coming years, when the U.S. Dollar has been removed from its global leadership position, there may be a spin from vested interests to blame the newdigital currencytechnologies wrought by Bitcoin for this economic reset. This would be as foolish as blaming CGI for the relatively poor ...
First, financial development can help to improve environmental sustainability by dedicating more resources to clean energy, galvanizing the resources needed to invest in eco-friendly infrastructure, and assuring its viability in the long term [46]. Financial development also allows nations to adopt ...
Indeed, managers may be encouraged to invest in promising projects by an increase in the firm’s growth level. The presence of this reverse causality (i.e., simultaneity bias) can make the results of OLS regressions unreliable [14,15]. SGMM is also useful for small T and large N panels...