There are evidences in the literature that FDI impact on enterprises’ performance across three large sectors, i.e. primary, secondary and services, differs substantially. We suggest that these disparities may be due to two factors. First, the weak inter- and intra-sectoral links may prevent...

This paper explores international experience of tax amnesties. Despite the popular use of tax amnesties, the results are mixed. The main advantage of the tax amnesty is the possibility to increase tax collections and improve tax compliance. However, it does not account for adverse effect of...

This study deals with Belarusian macroeconomic dynamics in 2013. The problem of poor growth potential remains important in 2013. Nevertheless, the progress in structural reforms was scarce, as the government was too optimistic in respect to inertia growth mechanisms. Hence, 2013 is likely to be...

In 2011 Belarus has experienced a currency crisis and high inflation. The average real incomes decreased 15%. People with high incomes were mostly affected. The real incomes of the first income decile fell 30%. The retired were affected as well - their real incomes decreased 16.7%.

In this paper, the author distinguishes the main ideas of the theory of Optimal Currency Area (OCA). This work explains the main features, which help to understand the differences between an Optimum Currency Area and Currency Union. This paper also itemizes main benefits and costs for countries...

The paper presents a model of foreign exchange integration in the post-Soviet countries. The author considers the possibility of introducing a supranational unit of account in the most economically integrated countries in the medium term, namely Belarus, Kazakhstan and Russia.