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Banks within BRICS economic development, by Prof. Irina Z. Yarygina

Actually within BRICS countries strategic importance is placed on mutual economic developments. Special role in this processes is played by banks. There is no denying the fact, that effective banking strategy depends on accurate assessment of  common problems and a search for mutual solutions to increase quality of life in member countries. From experience, fast liberation of financial-economic relationships leads to decline in some areas of economy, including strategically important ones, and to slowdown of government regulation of key industrial areas, which leads to increase of bank speculations and high risk level of economic environment. To find the way in turbulence is the main task for the government, that has to use different vehicles, intergovernmental monetary and fiscal measures including…

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