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Financial and Economic Security of BRICS Countries

Financial and Economic Security of BRICS Countries

Elena V. Fomicheva, Marina S. Shikun
Copyright: © 2018 |Pages: 12
ISBN13: 9781522537670|ISBN10: 1522537678|EISBN13: 9781522537687
DOI: 10.4018/978-1-5225-3767-0.ch008
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MLA

Fomicheva, Elena V., and Marina S. Shikun. "Financial and Economic Security of BRICS Countries." Fractal Approaches for Modeling Financial Assets and Predicting Crises, edited by Inna Nekrasova, et al., IGI Global, 2018, pp. 139-150. https://doi.org/10.4018/978-1-5225-3767-0.ch008

APA

Fomicheva, E. V. & Shikun, M. S. (2018). Financial and Economic Security of BRICS Countries. In I. Nekrasova, O. Karnaukhova, & B. Christiansen (Eds.), Fractal Approaches for Modeling Financial Assets and Predicting Crises (pp. 139-150). IGI Global. https://doi.org/10.4018/978-1-5225-3767-0.ch008

Chicago

Fomicheva, Elena V., and Marina S. Shikun. "Financial and Economic Security of BRICS Countries." In Fractal Approaches for Modeling Financial Assets and Predicting Crises, edited by Inna Nekrasova, Oxana Karnaukhova, and Bryan Christiansen, 139-150. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-3767-0.ch008

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Abstract

With the growing tension in the global community and the instability of the overall situation, problems with financial centers and regions have arisen, and as a result, the necessity of reforms have appeared in the global governance system and in the financial and economic system. BRICS countries are very interested in solving problems and developing relations within the bloc. Each country pursues its own interest, but the emerging dialogue of countries allows them to find a compromise in complex issues. The current economic situation in the world, where Western countries speak the language of sanctions, makes BRICS countries strengthen their interaction. It concerns the provision of financial and economic security. Increased financial risks in the capital market as well as the dominance of the dollar and the euro level, push BRICS countries to strengthen the financial mechanisms. BRICS countries support the creation of a global network of financial instruments.

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