Republic of Belarus: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 139

Publication date: May 2004

ISBN: 9781451805086

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Labor , Public Finance , Taxation - General , ISCR , CR , Belarus , state , wage , pass-through coefficient , year-on-year inflation , bank supervisor , nonviable bank , wage regulation , Commercial banks , Exchange rates , Inflation , Employment , Eastern Europe , Baltics , Central and Eastern Europe

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Summary

This Selected Issues paper describes labor market trends in Belarus and the role of labor market institutions in the outcome. The paper examines the current status of the tax system in Belarus and assesses recent efforts to reform it. It argues that the current tax system in Belarus is distortionary, and that it weakens the competitiveness of the economy. The paper also provides preliminary estimates of the pass-through from the nominal exchange rate (for the U.S. dollar and the ruble) to inflation in Belarus.