The New Development Bank and the structure of the multilateral development financial system

Abstract

AbstractThis paper investigates the influence of the New Development Bank (NDB) on the structure of the multilateral development financial system, using social network analysis. The findings show that some emerging economies have been significantly affected by establishment of the NDB, whereas developed countries still dominate. Although the influence of BRICS countries has increased, they still play a relatively weak role. Further analyses examine the influence of the NDB's expansion; developed countries and most BRICS countries are not affected, and the rankings of some entry countries has increased whereas that of non‐entry countries with nondominant power has decreased.