01656cas a2200241 a 4500 AALejournalIMF006243 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451805338 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Belarus : Selected Issues. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (28 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The global financial crisis that erupted in late 2008 had a profound impact on Belarus's economy. The unprecedented external shock necessitated a strong set of corrective measures, including exchange rate adjustment. This Selected Issues paper analyzes whether the corrective measures in the exchange area are sufficient to restore current account sustainability. It examines various pieces of evidence, including basic indicators of competitiveness as well as the macroeconomic balance and external sustainability approaches. It concludes that the substantial misalignment observed in the end of 2008 has been largely corrected. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/016 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/016/002.2010.issue-016-en.xml IMF e-Library