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The attitude of Russia towards the new BRICS financial institutions: analysis of public debate in Russian media
Mikalyuk, Diana ; Parízek, Michal (advisor) ; Kučerová, Irah (referee)
New financial institutions of BRICS are a new phenomenon in the context of international global finances. Since the beginning of the debate about creation of the BRICS financial institutions, a wide debate has emerged around the phenomenon, both in the academic and political spheres. The key element of the debate was the question, what role can BRICS play in the system of global governance. This thesis analyzes the phenomenon of the New Financial Institutions BRICS through the theoretical concept of the contested multilateralism and emphasizes that the new practices and rules of the given institutions lead to the creation of a regime complex in the field of international finance. Subsequently, the work through the method of content analysis of selected media explores the motivation of one of the BRICS member states, specifically Russia, to create these institutions. During the process of institution-building, motivations and objectives of Russia were not clear. This work aims to identify this motivation, which should contribute to a deeper understanding of possibilities for future development of the New Development Bank and The BRICS Contingent Reserve Arrangement.
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