Yes, but who will be in charge?
Can you really trust China and Russia to be in charge of the bank?



Good point. The incentives probably will be worth, because there won't be even as much accountability as the EU has.

Undisciplined

Im betting the incentives will be worse. 
The countries trying to get in are not the most stable. 
And its not like they have strong ties with each other, or trade agreements. 


Satosora

econ

The American tradition of abolishing central banks

It'll have the same poor incentives as the EU, but with much worse actors who have no cultural or geographic ties to each other. I expect it to fail much faster than the EU is.