Republic of Belarus: Selected Issues

January 15, 2010

Preview Citation

Format: Chicago

Republic of Belarus: Selected Issues, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

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.

Subject: Balance of payments, Current account, Current account deficits, Exchange rates, Foreign exchange, Production, Productivity, Total factor productivity

Keywords: CR, Current account, Current account deficits, Current account elasticity, Current account norm, Current account sustainability, Eastern Europe, Europe, Exchange rate misalignment, Exchange rates, Global, IMF staff calculation, ISCR, Labor, Oil product export, Persistent current account deficit scenario, Production function, Production function approach, Productivity, TFP growth, Total factor productivity

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/016
Stock No:

1BLREA2010001
ISBN:

9781451805338
ISSN:

1934-7685

Notes

Also Available in Russian

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