The Belarusian Case of Transition:Whither Financial Repression?


Korosteleva, J. and Lawson, C., 2009. The Belarusian Case of Transition:Whither Financial Repression? Working Paper. Bath, U. K.: Department of Economics, University of Bath. (Bath Economics Research Working Papers; 4/09)

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    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.


    Item Type Reports/Papers (Working Paper)
    CreatorsKorosteleva, J.and Lawson, C.
    Uncontrolled Keywordsfinancial sector,financial repression,financial depth
    DepartmentsFaculty of Humanities & Social Sciences > Economics
    Research CentresBath Economics Research
    ID Code15974
    Additional InformationID number: 4/09


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