Public discontent with Mr. Lukashenko's authoritarian rule had been piling up for years and came to the surface after the fraudulent presidential election held in August 2020. At present the country is in a political stalemate as the official election results are challenged by a large part of...

It is textbook knowledge that economic crises are in most cases associated with the accumulation of macroeconomic imbalances. In turn, macroeconomic imbalances emerge as the result of imbalanced growth. In the ideal world of equilibrium, all macroeconomic variables change at the same,...