SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY
The article deals with complex analysis of pre-conditions of setting-up and basic lines of credit and investment policy of the New Bank of Development in BRICS. By comparing the New Bank of Development with other Banks of Development it was shown that it is going to be independent from G7 countries...
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Plekhanov Russian University of Economics
2017
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oai:doaj.org-article:3d482c1262924f0db254551522d1ecb12021-11-15T05:20:42ZSETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY2413-28292587-925110.21686/2413-2829-2015-2-148-156https://doaj.org/article/3d482c1262924f0db254551522d1ecb12017-09-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/36https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article deals with complex analysis of pre-conditions of setting-up and basic lines of credit and investment policy of the New Bank of Development in BRICS. By comparing the New Bank of Development with other Banks of Development it was shown that it is going to be independent from G7 countries and act as an alternative international institution of development. In the long-run it can compete with the Group of World Bank. The author comes to the conclusion that Russia's participation in the New Bank could be a favourable factor for raising international investment for Russian projects and could foster economic relations with China.Vladimir V. KlishinPlekhanov Russian University of Economicsarticlediversified institutions of developmentinternational finance organizationspool of foreign currency reservesEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 2, Pp 148-156 (2017) |
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diversified institutions of development international finance organizations pool of foreign currency reserves Economics as a science HB71-74 |
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diversified institutions of development international finance organizations pool of foreign currency reserves Economics as a science HB71-74 Vladimir V. Klishin SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY |
description |
The article deals with complex analysis of pre-conditions of setting-up and basic lines of credit and investment policy of the New Bank of Development in BRICS. By comparing the New Bank of Development with other Banks of Development it was shown that it is going to be independent from G7 countries and act as an alternative international institution of development. In the long-run it can compete with the Group of World Bank. The author comes to the conclusion that Russia's participation in the New Bank could be a favourable factor for raising international investment for Russian projects and could foster economic relations with China. |
format |
article |
author |
Vladimir V. Klishin |
author_facet |
Vladimir V. Klishin |
author_sort |
Vladimir V. Klishin |
title |
SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY |
title_short |
SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY |
title_full |
SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY |
title_fullStr |
SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY |
title_full_unstemmed |
SETTING-UP A NEW BANK OF DEVELOPMENT IN BRICS IN THE CONTEXT OF REFORMING FINANCE STRUCTURE IN GLOBAL ECONOMY |
title_sort |
setting-up a new bank of development in brics in the context of reforming finance structure in global economy |
publisher |
Plekhanov Russian University of Economics |
publishDate |
2017 |
url |
https://doaj.org/article/3d482c1262924f0db254551522d1ecb1 |
work_keys_str_mv |
AT vladimirvklishin settingupanewbankofdevelopmentinbricsinthecontextofreformingfinancestructureinglobaleconomy |
_version_ |
1718428739710222336 |