This paper surveys implementation mechanisms and effects of privatization, the reform of corporate governance of SOEs, and the reform of bankruptcy procedure.

Public Sector Performance Index (PSP) and Public Sector Efficiency Index (PSE) are the most accessible ways to estimate the comparative efficiency of public finance on the macroeconomic level. We construct PSP and PSE indices for Belarus and find that the efficiency of public expenditures in Belarus is high compared to other post-Soviet economies.

This paper analyzes the international experience of functioning unemployment insurance systems and possibility of their application in Belarus.

This paper analyzes the effects of child-care leave and maternity capital policies, and provides recommendations for Belarus.

This paper shows that the pension system of Belarus must be reformed and proposes the most effective reforms among all available alternatives.

This paper analyzes the main stages, causes and consequences of the economic crisis in Finland in 1990-1993. Financial deregulation in the 1970s and 80s has created conditions for credit expansion, growth of asset prices, short-term capital inflow, and expansion of domestic credit and currency speculations. The economic crisis was marked by rising real interest rates, falling asset prices, overall financial instability that has led to a significant increase of the budget deficit and unemployment in Finland.