Inserção chinesa no Sistema Financeiro Internacional

assertividade e resposta às sanções do Ocidente

Authors

  • Marcelo Fernandes Universidade Federal Rural do Rio de Janeiro (UFRRJ)
  • Matheus Pedro de Carvalho

DOI:

https://doi.org/10.22456/2178-8839.135425

Keywords:

SWIFT, CIPS, China, U.S

Abstract

In recent years, the United States has used the dollar as a geopolitical tool, applying sanctions to nations considered adversaries, which has raised concerns, particularly in China. The aim of this study is to examine options to the dollar-dominated global financial system, with a focus on China's growing influence. The development of the Cross-Border Interbank Payment System (CIPS) represents a direct response to the economic power of the United States, offering alternatives for nations to escape Western sanctions. CIPS not only provides a viable route for international transactions, but also strengthens the global position of China's currency, the renminbi (RMB). Therefore, this study illustrates that China is actively working on creating alternatives to the dollar-centered financial system. These initiatives mark a significant shift in global geopolitical and financial dynamics, as international actors seek greater independence from the financial and monetary policies imposed by the United States.

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Published

2024-05-24

How to Cite

Fernandes, M., & Pedro de Carvalho, M. (2024). Inserção chinesa no Sistema Financeiro Internacional: assertividade e resposta às sanções do Ocidente. Conjuntura Austral, 15(70), 39–50. https://doi.org/10.22456/2178-8839.135425

Issue

Section

RESEARCH