2001 | OriginalPaper | Buchkapitel
Directed Credits and Financial Repression in Belarus
verfasst von : Patrick Conway
Erschienen in: Crisis, Stabilization and Growth
Verlag: Springer US
Enthalten in: Professional Book Archive
Aktivieren Sie unsere intelligente Suche um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
Belarus stands out among the former constituent nations of the Soviet Union in two dimensions. First, its economic collapse was less pronounced in the crisis period, while its economic recovery in the stabilization period has been below average for these states. Second, it has been a relatively high-inflation economy during both periods. The former suggests an economy relatively slow to introduce market reforms; the latter suggests an economy with larger-than-average excess demands for saving ex ante. Surprisingly, the government of Belarus ranks among the least deficitary when general government budget balances are measured as a percent of GDP, with only the Baltic states rivalling the near-balance reported by Belarus. This is documented in Tabele III.1 and Figuga V.2