The balance-of-payment crisis in Belarus

“Growing Current Account Deficit in Belarus since 2007 accompanied by expansionary mone-tary and fiscal policies in 2010 has led the country to exchange rate collapse and prices boost in 2011. Now it may take years for the Belarusian rouble to get back on controlled track and inflation in Belarus to decrease back below 10%.”

Read more in CASE Belarus new publication “Belarusian economy: structural crisis” by Aleś Alachnovič and Sierž Naŭrodski.

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