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Rather recently many experts and practitioners argued that global financial problems will avoid Belarus. In process of global financial crisis’s evolution, however, such opinions became more careful and not such optimistic. Meanwhile weakening of crisis phenomena in belarusian economy and finance have been restrained by means of the currency interventions of monetary authorities and building of an external debt made by the Central government. Clearly, these measures had a certain boundary outside of which crisis of banking system became inevitable. What the negative and positive were contributed by crisis 2011 to the belarusian banking system from the position of theory and practice and what lessons can be submitted for the post-soviet countries oriented to the integration processes?


The main purpose of paper is to show the deep reasons and features of the Belarus banking crisis, anti-recessionary technique and methods of banking management, crisis lessons and the most important to show that it is necessary to do not to allow similar crisis in other transitional countries. The methodology used includes the research of set key banking indicators, data of budgetary indicators, dynamics of inflation indicators, deposition market aggregates, bank assets indicators, balance of payments components, and export indicators. Statistical data for analysis obtained from official sources, such as the State Statistics Committee, National bank, Ministries of Finance, Association of Belarusian banks and on-line databases of analytical centers working in this field. Analytical toolkits, such as comparison method, method of coefficients, index tools, and variations are used and some theoretical assumptions are made.

 Yuri Krivorotko


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