Once hailed as the future drivers of global economic growth, the BRICS (Brazil, Russia, India, China, and South Africa) are facing a slowdown in GDP growth, delays on needed reforms, and a lack of meaningful consensus. Can what began as an investment banker's asset class really become a strategic alliance?
Will the World Keep Buying US Treasuries?
Paola Subacchi & Paul van den Noord
foresee a gradual reduction in countries’ holdings of dollar-denominated debt, not a rapid sell-off.
