The Belarusian case of transition: whither financial repression?

J Korosteleva, Colin Lawson

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

This article examines the financial development of Belarus, with special emphasis on 1996-2002, when the financial sector was restrained by pervasive government controls. Belarus is of particular interest as, despite no economic restructuring, annual growth has averaged 7% since 1997. It has been argued that monetary stimulation of investment through interest rate ceilings, directed credit and preferential loans revived growth. This article investigates whether a repressive financial policy adopted by the authorities in the late 1990s led to financial deepening and increased the share of savings allocated to investment.
Original languageEnglish
Pages (from-to)33-53
Number of pages21
JournalPost-Communist Economies
Volume22
Issue number1
DOIs
Publication statusUnpublished - Mar 2010

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Financial repression
Belarus
Financial development
Savings
Economic restructuring
Loans
Financial policy
Financial sector
Authority
Interest rates
Government
Financial deepening
Credit

Keywords

  • financial sector
  • financial repression
  • financial depth

Cite this

The Belarusian case of transition: whither financial repression? / Korosteleva, J; Lawson, Colin.

In: Post-Communist Economies, Vol. 22, No. 1, 03.2010, p. 33-53.

Research output: Contribution to journalArticle

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