Issue №4, 2016

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The central banks of the BRICS

Yu. A. Romanenko, Federal State Budget Educational Institution of Higher Education «Saint Petersburg State University» (Saint Petersburg, Russia)

The article focuses on an actual problem of find-ing a solution to ensure the economic growth of BRICS countries. The article presents the current trend of in-teraction between governments and Central Banks of developed countries. This interaction area is the for-mation of the financial environment that conduces to the expansion of investment opportunities. The arti-cle presents examined BRICS’s central banks activities from a legal point of view and carried out anal-ysis of their balance sheets. The author gives on the base’s surveyed research the variant’s proposal for the BRICS’s Central Bank cooperation to increase mutual investments.

Keywords: BRICS, the Centre Bank of Brazil, the Bank of Russia, the Reserve Bank of India, the People’s Bank of China.

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For citation: Romanenko Yu.A. The central banks of the BRICS // Corporate governance and innova-tive economic development of the North: Bulletin of the Research Center of Corporate Law, Management and Venture Capital of Syktyvkar State University. 2016. № 4. P. 129—134.