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

Studying the Causes of Currency Crises in Belarus

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 transmission. This created conditions for the... READ MORE...

Publication date: December 2015
ISBN 9781498342728
$18.00

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