English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

This article aims to analyze the possible consequences of the establishment of the Bank of the BRICS - created at the Fifth Summit of the BRICS, realized in South Africa, 2013, and materialized at the Sixth Summit, in Brazil, 2014, in which the bank received the name of New Development Bank. Specifically, the paper examines whether the creation of the Bank shall, on the one hand, increase the global power and influence of the group and, on the other hand, mitigate the problems arising from the asymmetries in the international monetary and financial system, mainly represented by currency hierarchy. Partly the article is based on the economics of John Maynard Keynes, chiefly in his discussion about the importance of money in the economic system, and partly on the Post Keynesian theory, when it is addressing the asymmetries in the international monetary and financial system. Worth noticing that the Bank of the BRICS was created recently so that its working is not plenty yet. Hence, this article has a speculative character, but contributive to wonder about the Bank’s possibilities and the outcomes of its existence.

O Banco dos BRICS e sua potencial influência sobre as assimetrias do sistema monetário e financeiro internacional