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.
|Creators||Korosteleva, J.and Lawson, C.|
|Uncontrolled Keywords||financial sector, financial repression, financial depth|
|Departments||Faculty of Humanities & Social Sciences > Economics|
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