Republic of Belarus: Selected Issues
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Summary:
The global financial crisis that erupted in late 2008 had a profound impact on Belarus’s economy. The unprecedented external shock necessitated a strong set of corrective measures, including exchange rate adjustment. This Selected Issues paper analyzes whether the corrective measures in the exchange area are sufficient to restore current account sustainability. It examines various pieces of evidence, including basic indicators of competitiveness as well as the macroeconomic balance and external sustainability approaches. It concludes that the substantial misalignment observed in the end of 2008 has been largely corrected.
Series:
Country Report No. 2010/016
Subject:
Balance of payments Current account Current account deficits Exchange rates Foreign exchange Production Productivity Total factor productivity
Notes:
English
Publication Date:
January 15, 2010
ISBN/ISSN:
9781451805338/1934-7685
Stock No:
1BLREA2010001
Pages:
28
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