The economic development requires the establishment not only banking structures but other financial institutions. However,this process will be associated with problems as far as the households nowadays are insufficiently informed about the processes occurred in the economy as a whole and in the...

Considering that construction is one of stimulators of economic growth in the country, it is necessary to understand the basic problems in the field of attraction of investment means in the given sphere. The author examines the role of surety as one of the means of securing housing credits as...

The paper lists reasons for participation of the Republic of Belarus in economic integration in the territory of the Former Soviet Union. The author looks at the prospects of convergence in economic and monetary spheres of the CIS member states.

The study deals with a specific form of financial repression peculiar to Belarus – a mechanism of directed loans. Under selective or directed credit programs, banks are required to allocate certain percentages of their asset portfolios for loans to priority sectors at subsidized loan rates of...

Considering that construction is one of stimulators of economic growth in the country, it is necessary to understand the basic problems in the field of attraction of investment means in the given sphere. The author examines the role of surety as one of the means of securing housing credits as...

The year 2010 saw Belarus gradually being pulled out of cyclical recession owing to the revival of external markets and massive incentives provided by the economic authorities. However, the administration set itself a priority task of reaching ambitious GDP and income growth targets while...

This paper aims at visualizing adjustment mechanisms in the Belarusian economy to changes in exchange rate level. It is shown, that in Belarus a high pass-through effect from exchange rate to prices plays a crucial role. This effect stems from a high rate of financial dollarization alongside...

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 lending causes allocative inefficiency, lower capital...

This paper deals with economic policy in Belarus after the currency crisis of 2011. There was a trade-off between the desire of the government to soften economic policy given cyclical recession and high and volatile inflation expectations. In the first half of 2012, the choice was made in favor...

We estimate equivalence scales for households in Belarus. The calculations are based on the data from the Sample Survey of Households in 2010. The calculation of equivalence scales is done through regression estimate of the Engel curve. This method is widely used and, in contrast to the method...