European Parliament Library

Republic of Belarus :, Selected Issues

The global financial crisis that erupted in late 2008 had a profound impact on Belarus’s economy. The unprecedented external shock necessitated a strong set of corrective measures, including exchange rate adjustment. This Selected Issues paper analyzes whether the corrective measures in the exchange area are sufficient to restore current account sustainability. It examines various pieces of evidence, including basic indicators of competitiveness as well as the macroeconomic balance and external sustainability approaches. It concludes that the substantial misalignment observed in the end of 2008 has been largely corrected
Table Of Contents
Cover; Contents; I. Is There a Need for Further Adjustment in the Exchange Rate?; A. What do Basic Indicators Tell us About Current Account Sustainability?; Figure; 1. Indicators of Competitiveness, 2004-09; B. Macro Balance Approach; C. External Sustainability Approach; D. Concluding Remarks; References; II. Sources of Recent Growth and Prospects for Future Growth; A. Overview of Growth Factors; B. Sources of Growth From Production Function Approach; C. Prospect for Future Growth; Box; 1. The Impact of Changing Energy Prices on Belarus's Net Exports
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
Form Of Item

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