Republic of Belarus : Selected Issues

1BLREA2010001 Image
Price:  $18.00

Release Date: © January, 2010
ISBN : 978-1-45180-533-8
Stock #: 1BLREA2010001
Stock Status: On back-order

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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.


Balance of payments , Current account , Demand , Economic development , Economic policy , Monetary policy

More publications in this series: IMF Staff Country Reports