The Belarusian Case of Transition: Whither Financial Repression?

Julia Korosteleva, Colin Lawson

Research output: Working paper

188 Downloads (Pure)

Abstract

The present paper 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 seven per cent since 1997. It has been argued that monetary stimulation of investment activity 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
Place of PublicationBath, U. K.
PublisherDepartment of Economics, University of Bath
Publication statusPublished - 2009

Publication series

NameBath Economics Research Working Papers
No.4/09

Keywords

  • financial sector
  • financial repression
  • financial depth

Fingerprint Dive into the research topics of 'The Belarusian Case of Transition: Whither Financial Repression?'. Together they form a unique fingerprint.

  • Cite this

    Korosteleva, J., & Lawson, C. (2009). The Belarusian Case of Transition: Whither Financial Repression? (Bath Economics Research Working Papers; No. 4/09). Department of Economics, University of Bath.