01755cas a2200241 a 4500 AALejournalIMF017125 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475537192 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Belarus : Financial System Stability Assessment. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (55 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 This paper presents an assessment of financial system stability in Belarus. The findings reveal that the state-dominated financial sector of Belarus confronts several critical challenges. Deep and long-standing structural problems and negative external spillovers are distorting the credit channel and overall financial stability. Financial sector contingent liabilities are on the rise, accentuating an already weak fiscal situation. The government is directing a large proportion of loans from state-owned banks to unhedged state-owned companies. Foreign currency liquidity risk is high, and transition to independent and risk-based oversight of the financial sector is urgently required. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/299 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/299/002.2016.issue-299-en.xml IMF e-Library