Belarusian Economic Research and Outreach Center

Policy Papers

Dollarization and De-dollarization: Formulation of Agenda

This policy paper deals with the phenomena of dollarization and prospects of de-dollarization policies in Belarus. During last two decades Belarus has been a highly dollarized economy. Recently, the authorities declared a campaign of de-dollarization, which, however, focuses mainly on de-dollarization of payments. Such a policy is unlikely to become effective.

 Aleh Mazol

Local self-governance in the Republic of Belarus

This paper explores the development of local self-governance in the Republic of Belarus.

Tax Amnesty

This paper explores international experience of tax amnesties.

Foreign Investments: Focusing On Debt

In 2013 inflows of foreign investments in Belarus remained almost negligible. The official attitude to privatization remained unchanged, which is why there were almost no privatization deals in Belarus in 2013. This makes foreign loans the main source of inflow of foreign capital to the country.

Belarusian Economy in 2013: An Attempt to Reload Old Growth Model

This study deals with Belarusian macroeconomic dynamics in 2013.

Portrait of a Belarusian Entrepreneur

This work studies the impact of all the three groups of factors on the development of business activities in Belarus.

 Olga Belskaya, Daria Uryutina

Belarusian Business Associations: Problems and Potential Development

The research was focused on business associations (hereinafter referred to as BA) in Belarus.

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.

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