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Article

Институционализация экономического механизма стран БРИКС: преимущества и риски Нового банка развития

Деньги и кредит. 2015. № 6. С. 28-35.

The post-crisis specifics of the global economic order have called for new approaches to maintain sustainable economic growth.
Institution of the New Development Bank (NDB) marks a turning point in building up the more resilient BRICS economic platform that
is expected to result in further opportunities in multilateral cooperation and regional integration. We suggest criteria of NDB’s successful
development and integration into a global network of development banks. Risks of institutionalization are systematized according to
their economic background as well as through the prism of the ‘multi-institutionalism’ at the regional level.