The study deals with a specific form of financial repression peculiar to Belarus – a mechanism of directed loans.

This policy paper contains the analysis of the steps taken to attract foreign investments in Belarus in 2010.

Extending the taxonomy of Belarusian Hidden Champions, the chapter discusses the context in which Belarusian Hidden Champions evolved and adapted their business models to rapidly changing global environment. Based on in-depth interviews with founders, we present the case studies of three Belarusian Hidden Champions that substantially differ in terms of their history, strategy and business model. In addition, getting a glimpse of the future, we make assumptions on sectors that may give rise to new Hidden Champions. Implications and recommendations for the government, business schools and financial institutions are provided.

This paper examines the determinants of births in Belarus in 1996-2007 by using detailed micro data from the Belarusian Household Budget Surveys (BHBS).

This paper is an attempt to replicate the co-movement of hours and productivity observed in the post-war U.S. data using one shock model.

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.