Settelment Payment Systems

MBRIDGE AND THE NEW INTERNATIONAL FINANCIAL ARCHITECTURE (Part 1 of 2)

Lun, 08/18/2025 - 15:07 -- jdiaz

The financial architecture is undergoing a process of transformation. With the weakening and loss of confidence in the US dollar, the President of the People's Bank of China said on 23 March 2009 that the world needed a new reserve currency, given the instability of that currency in the foreign exchange market, as a result of the crisis of September 2008. The Chinese Government called for a new international reserve currency, once again, in 2013 after public fiscal impasses in the US Congress.

Autor: 
Jennifer Montoya Madrigal
Palabras clave: 
mBridge
monetary policy
International Financial Architecture
Settelment Payment Systems

BRICS and the new financial architecture

Vie, 05/23/2025 - 14:51 -- jdiaz

In October 2008, following the instability and uncertainty caused by the U.S. financial crisis, the central banks of Brazil and Argentina signed a payment agreement in local currency. This was later extended to Mercosur countries. Since then, this mechanism has been replicated and extended by the BRICS. This article will analyze the alternatives that have arisen due to the instability of the dollar and the sanctions imposed by the US on 26 countries. It is an alternative to using the dollar as a means of payment and as a reserve unit.

Autor: 
Jennifer Montoya Madrigal
Carlos Madrid
OBELA
Palabras clave: 
financial architecture
BRICS
Settelment Payment Systems
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