Belarusian Economic Research and Outreach Center

Policy Papers

The Mechanism of Adjustment to Changes in Exchange Rate in Belarus and its Implications for Monetary Policy

This paper aims at visualizing adjustment mechanisms of the Belarusian economy to changes in exchange rate level and providing correspondent policy recommendations.

Foreign Investments: not just Attraction, but Effectiveness

This policy paper contains the analysis of the steps taken to attract foreign investments in Belarus in 2010.

Macroeconomic Trends in 2010: Growth at any Cost

This policy paper contains the analysis of the problems of the foreign account deficit, external debt, money market imbalances, inflationary potential, fragile financial standing of domestic companies aggravated in Belarus by early 2011 and their impact on macroeconomic stability and long-term sustainable growth.

The Role of The Guarantor as a Form of Credit Security for Housing Construction

The author examines the role of guarantor as one of the means of securing housing credits as well as the international practice of developing mortgage lending.