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Will BRICS New Development Bank focus on off-US Dollar currencies as major currency- A review

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  • Jermy, Amanda

Abstract

Will the New Development Bank (NDB) – all the more generally known as the BRICS bank – free South Africa and other rising and creating nations from the grasp of the forceful dollar? The paper is a review of futuristic and contemporary views of the first president of the NDB. It has been reviewed as to the quantum of the influential credential of the newly established entity on the international monetary environment.

Suggested Citation

  • Jermy, Amanda, 2016. "Will BRICS New Development Bank focus on off-US Dollar currencies as major currency- A review," MPRA Paper 69533, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:69533
    as

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    File URL: https://mpra.ub.uni-muenchen.de/69533/1/MPRA_paper_69533.pdf
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    References listed on IDEAS

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    1. Papaioannou, Elias & Portes, Richard & Siourounis, Gregorios, 2006. "Optimal currency shares in international reserves: The impact of the euro and the prospects for the dollar," Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 508-547, December.
    2. Dailami, Mansoor & Masson, Paul, 2009. "The new multi-polar international monetary system," Policy Research Working Paper Series 5147, The World Bank.
    3. Zoltan Acs & Sameeksha Desai & Jolanda Hessels, 2008. "Entrepreneurship, economic development and institutions," Small Business Economics, Springer, vol. 31(3), pages 219-234, October.
    4. Mrs. Isabelle Mateos y Lago & Rupa Duttagupta & Rishi Goyal, 2009. "The Debate on the International Monetary System," IMF Staff Position Notes 2009/026, International Monetary Fund.
    5. Kevin Gray & Craig Murphy, 2013. "Introduction: rising powers and the future of global governance," Third World Quarterly, Taylor & Francis Journals, vol. 34(2), pages 183-193.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G2 - Financial Economics - - Financial Institutions and Services
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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