The Game of Anchors : Studying the Causes of Currency Crises in Belarus /

Belarus experienced a sequence of currency crises during 2009-2014. Our empirical results, based on a structural econometric model, suggest that the activist wage policy and extensive state program lending (SPL) conflicted with the tightly managed exchange rate regime and suppressed monetary policy...

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Detalles Bibliográficos
Autor principal: Miksjuk, Alex
Otros Autores: Ouliaris, Sam, Pranovich, Mikhail
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2015.
Colección:IMF Working Papers; Working Paper ; No. 2015/281
Acceso en línea:Full text available on IMF