The influence of financial stress on economic activity and monetary policy in Belarus

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Summary 

The paper determines episodes of financial stress in Belarus during 2004-2016 period using constructed financial stress index, and offers an analytical framework to evaluate the influence of financial turmoil on Belarus's economy, in particular economic activity and monetary policy. The findings show evidence of two episodes of financial stress and two episodes of recessions in Belarus during studied period.

Authors
Mazol Aleh
Sector 
Year 
2017
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Last updated 31.07.2017
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