This paper explores international experience of tax amnesties.

What affects individual preference for different types of political regime? Is it something individual or are there factors from outside that form preferences? This paper investigates the determinants of individual preferences for democratic values and looks at differences in impact of influencing factors in transition and non-transition countries.

In 2013 inflows of foreign investments in Belarus remained almost negligible. The official attitude to privatization remained unchanged, which is why there were almost no privatization deals in Belarus in 2013. This makes foreign loans the main source of inflow of foreign capital to the country.

This study deals with Belarusian macroeconomic dynamics in 2013.

Liquidity and Monetary Policy in Belarus

Financial innovations are a common explanation for the rise in credit card debt and bankruptcies. To evaluate this story, the authors develop a simple model that incorporates two key frictions: asymmetric information about borrowers’ risk of default and a fixed cost of developing each contract lenders offer.