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Institutional aspects of the implementation of monetary policy and the development of the banking sector in the Republic of Belarus

Abstract

The article analyzes the macroeconomic development of the Republic of Belarus, from 2010 to 2018. The development of the country’s banking sector from the pre-crisis period (2010-14) to the crisis of 2014-16 is investigated. The NBRB concept is declared as the main institutional mega-regulator of the financial market, its main institutional tools for influencing macroprudential policy are presented. The current risks of the banking system are presented, the tasks of the NBR mega-regulator and ways to solve problems related to financial stability and protecting the rights of domestic and foreign investors are identified. The development and improvement of the banking institutional infrastructure is forecasted until 2020.

About the Author

A. .. Beloborodko
Moscow Economical Institute
Russian Federation


References

1. Stephan Barisitz. Belarus in recession, banking sector in difficulties-Russia to the rescue. Focus on European Economic Integration, Oesterreichische Nationalbank. Austrian Central Bank, 2016. Issue 3. РР. 41-49.

2. Солодовников С.Ю. Институциональные матрицы: сущность, персонификация и ее генезис (политико-экономические очерки). Минск: Право и экономика, 2006. 530 с.

3. Иншаков О.В, Белобородько А.М., Фролов Д.П. Биржа: эволюция экономического института. Волгоград: Волгоградское научное издательство, 2008. 356 с.


Review

For citations:


Beloborodko A... Institutional aspects of the implementation of monetary policy and the development of the banking sector in the Republic of Belarus. Siberian Financial School. 2019;(5):161-165. (In Russ.)

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ISSN 1993-4386 (Print)