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.
Publication date: January 2010
ISBN: 9781451805338
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Topics covered in this book

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Political Process- General , exchange rate , current account deficit , international monetary fund , current account balance

Summary