Research


Anastasiya Luzgina|Marc Pilkington| 25.08.2021
Philosophy of Monetary Policy and Fintech in Belarus: Main Trends and Interconnection Through the Prism of Narrative Approach
In the first part of the work, through the philosophical approach, the development of the monetary policy of the National Bank of the Republic of Belarus is considered, including the analysis of the possibilities of transition to the inflation targeting regime, taking into account the study of the narrative approach. In the second part of the study, the authors consider the fintech market of the country, the formation of which was made possible largely due to the developed IT sector.
Radzivon Marozau|Radzivon Marozau|Hanna Aginskaya|Natalia Makayeva|Pavel Daneyko| 29.07.2021
Hidden Champions of Belarus
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.
Anders Olofsgård|Svante Strömberg| 28.07.2021
Vaccination Progress and the Opening Up of Economies
In this brief, we report on the FREE network webinar on the state of vaccinations and the challenges ahead for opening up economies while containing the pandemic, held on June 22, 2021.
Nadzeya Batava|Irina Tochitskaya|Yauheniya Shershunovich| 28.07.2021
Circular Economy Development Potential in Belarus
The paper evaluates the circular economy development potential in Belarus.
Radzivon Marozau|Maryia Akulava|Radzivon Marozau|Violetta Panasevich| 28.07.2021
Did the Government Help Belarusian SMEs to Survive in 2020?
Capitalizing on the dataset obtained from five waves of the Covideconomy Project business survey, we explore how pandemic-related shocks and state economic policy responses influenced the performance of Belarusian small and medium enterprises (SMEs) in 2020. We find that Belarusian SMEs were left on their own with the COVID-related economic challenges, and only a small portion of enterprises could benefit from state support measures.
Kateryna Bornukova|Gleb Shymanovich| 28.07.2021
Laissez-faire Covid-19: Economic Consequences in Belarus
Despite its traditional paternalistic role, the Belarusian government chose minimal reaction to the Covid-19 pandemic. No meaningful economic or social measures were taken in response to the pandemic. We explore a unique dataset to document how major Covid-related shocks affected the earnings of Belarusians in 2020.