Series: IMF Working Papers
Author(s): Alex Miksjuk , Sam Ouliaris , and Mikhail Pranovich
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 December 2015
Keywords: currency crisis, exchange rate policies, currency, exchange rate, monetary policy, currency crises, economy, Time-Series Models, Monetary Policy (Targets, Instruments
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) co...