The Belarusian case of transition: whither financial repression?


Korosteleva, J. and Lawson, C., 2010. The Belarusian case of transition: whither financial repression? Post-Communist Economies, 22 (1), pp. 33-53.

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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.


Item Type Articles
CreatorsKorosteleva, J.and Lawson, C.
Uncontrolled Keywordsfinancial sector,financial repression,financial depth
DepartmentsFaculty of Humanities & Social Sciences > Economics
ID Code19073


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