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The Belarusian case of transition: Whither financial repression?

Korosteleva, J; Lawson, C; (2010) The Belarusian case of transition: Whither financial repression? Post-Communist Economies , 22 (1) pp. 33-53. 10.1080/14631370903525587.

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Abstract

This article 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 7% since 1997. It has been argued that monetary stimulation of investment 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. © 2010 Taylor & Francis.

Type: Article
Title: The Belarusian case of transition: Whither financial repression?
DOI: 10.1080/14631370903525587
URI: http://discovery.ucl.ac.uk/id/eprint/49084
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