Skip to main content Accessibility help
×
  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

1 results

  • Chapter 20 - Infrastructural Geoeconomics

  • from Part III - Organizations and Actors of Contemporary Financial Infrastructures
  • Edited by Carola Westermeier, Max Planck Institute for the Study of Societies, Malcolm Campbell-Verduyn, University of Groningen, Barbara Brandl, Goethe-Universität Frankfurt
  • Book:
    The Cambridge Global Handbook of Financial Infrastructure
    Published online:
    21 May 2025
    Print publication:
    05 June 2025, pp 250-262
    • Chapter
      • You have access
      • Open access
    • PDF
    • HTML
    • Export citation

  • Summary

    This chapter makes sense of the emergence of alternative financial messaging systems and payment systems in China and Russia, using an infrastructural geoeconomics lens. It links the emergence of alternatives to SWIFT to the discussion on financial infrastructures and argues that the emergence of alternative infrastructures can be seen as a backlash against overt political use of the dominant infrastructure by Western powers in the context of the Iran and Ukraine conflicts. It then provides some background information on the cross-border payment process, including the elements of signaling, clearing, and settlement, based on institutions such as SWIFT, CHIPS, and correspondence banking. At the center of this chapter is an account of the geoeconomic conflict surrounding SWIFT and the emergence of Russian (SPFS) and Chinese (CIPS) alternatives in response to this conflict.