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BRICS members seek to reduce the dominance of the US dollar in global trade; a less dollar-focused approach to development finance from the NDB is consistent with this. The BRICS…
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DOI: 10.1108/OXAN-DB279666
ISSN: 2633-304X
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One change will be that FICC members -- typically big banks and broker-dealers -- must settle their clients' treasuries trades through the clearing house. This is critical to the…
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DOI: 10.1108/OXAN-DB284942
ISSN: 2633-304X
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The WTO remains the main body determining global trade rules, but increasingly it looks likely to struggle to go beyond mere discussion.
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DOI: 10.1108/OXAN-DB287174
ISSN: 2633-304X
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Ukraine had been a significant grain exporter, much of it to poor countries, accounting for about 10% of world trade. The invasion stopped that. In July 2022, Turkey and the UN…