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Impact of the Russian Crisis on the Belarussian Economy

Author

Listed:
  • Vladymir Usowski
  • Rafal Antczak
  • Stanislav Bogdankiewich
  • Pavel Daneiko
  • Krzysztof Polomski

Abstract

The full-scale financial crisis in Russia erupted in August 1998 made a blow to the President Lukashenko domestic and foreign policy. However, a year-by-year worsening of the domestic economy due to maintaining a system of command economy led to a crisis in Belarus already in the first quarter of 1998. The crisis in Russian spilling over through trade channel only additionally aggravated economic situation in Belarus. The paper briefly characterizes the economic system in Belarus prior to the first quarter of 1998 and then analyzes consequences of the Russian financial crisis on the Belarussian economy.

Suggested Citation

  • Vladymir Usowski & Rafal Antczak & Stanislav Bogdankiewich & Pavel Daneiko & Krzysztof Polomski, 2000. "Impact of the Russian Crisis on the Belarussian Economy," CASE Network Studies and Analyses 0206, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:cnstan:0206
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    File URL: http://www.case-research.eu/upload/publikacja_plik/SA206.pdf
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    Cited by:

    1. Joanna Siwinska-Gorzelak, 2000. "Currency Crises and Fiscal Imbalances. The Transition Countries Perspective," CASE Network Studies and Analyses 0219, CASE-Center for Social and Economic Research.

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    Keywords

    Belarus; Russia; crisis;

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