The study deals with a specific form of financial repression peculiar to Belarus – a mechanism of directed loans. Under …. Finally, we show that in Belarus the mechanism of directed lending may result in the decline of growth rates of the economy in …

The year 2010 saw Belarus gradually being pulled out of cyclical recession owing to the revival of external markets and …

shown, that in Belarus a high pass-through effect from exchange rate to prices plays a crucial role. This effect stems from …

This paper deals with directed lending in Belarus and aims at selecting the best option for reforming it. The study … visualizes main specific features of directed lending in Belarus and the channels of its impact on economic growth. Directed …

This paper deals with economic policy in Belarus after the currency crisis of 2011. There was a trade-off between the …

This study analyzes the effects of directed lending upon total factor productivity and GDP growth in Belarus over the …

Belarus experienced rapid economic growth in the 2000's, which abruptly came to halt after 2008. The authors found that …. Lack of productivity growth led to the loss of competitiveness on the international markets. Comparisons of TFP in Belarus … with the Czech Republic and Sweden shows that comparative advantages of Belarus are concentrated in the natural …

a question of a potential tax amnesty in Belarus. …

in 2013, which has formed a kind of monetary policy trap. Finally, Belarus in 2013 entered a phase of cyclical recession …

Twenty-five years after the dissolution of the Soviet Union, Belarus stands out as a special case in transition … surface, and its subsequent monetisation provoked macroeconomic and currency turmoil. At present, Belarus' economic model has …