title: China\'s financial statecraft and the internationalization of the Renminbi: what looms over Brazil\'s foreign exchange reserves?
abstract: In the XXI century, the foreign affairs community has observed the resurgence of geoeconomics -the use of economic means to geopolitical purposes. This time around, however, emerging powers are at the centre stage and the instruments of choice are based upon monetary and financial capabilities, such as currency swap agreements, trade policies, credit lines, and foreign investment. This process has been defined as Financial Statecraft. The reasons for this phenomenon, albeit manifold, relate to t