The Belarusian Case of Transition: Whither Financial Repression?

Julia Korosteleva and Colin Lawson
Additional contact information
Julia Korosteleva: University College London

No 4/09, Department of Economics Working Papers from University of Bath, Department of Economics

Abstract: The present paper examines the financial development of Belarus, with special emphasis on 1996-2002, when the financial sector was restrained by pervasive government controls. Belarus is of particular interest, as, despite no economic restructuring, annual growth has averaged seven per cent since 1997. It has been argued that monetary stimulation of investment activity through interest rate ceilings, directed credit and preferential loans revived growth. This article investigates whether a repressive financial policy, adopted by the authorities in the late 1990s, led to financial deepening and increased the share of savings allocated to investment.

Keywords: financial sector; financial repression; financial depth (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-fdg and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://purehost.bath.ac.uk/ws/files/360149/0409.pdf Final published version (application/pdf)

Related works:
Journal Article: The Belarusian case of transition: whither financial repression? (2010)
Working Paper: The Belarusian Case of Transition: Whither Financial Repression?
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eid:wpaper:15974

Access Statistics for this paper

More papers in Department of Economics Working Papers from University of Bath, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Scholarly Communications Librarian ().