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Monetary policy of the National Bank of Belarus
Lapanovich, Aleksei ; Mandel, Martin (advisor) ; Gevorgyan, Kristine (referee)
The aim of the bachelor´s thesis is to analyze the monetary policy of the Republic of Belarus. At the beginning of the first part is described the economic and financial situation in Belarus. Further, the history of the establishment of the central bank, its objectives and functions are discussed. The second part, following the characteristics of the basic monetary policy regimes, focuses on the analysis of the monetary policy of Belarus and its objectives after the collapse of the Soviet Union. Then, the basic principles of the functioning of the transmission mechanism in Belarus are explained. The last part deals with the analysis of selected economic parameters. This section discusses the horizontal structure of the balance of payments for 2016, a graphical analysis of the foreign investment position and the foreign debt of Belarus, the causes of inflation and inflationary pressures, as well as the development of the exchange system and its current trends.
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