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IISEPS Bulletins |
E-bulletin of IISEPS Center for Documentation, N 7, 2013 - ISSN 1822-5578 (only Russian) Content: Introduction 1. Basic trends of July 2. Chronicle of key events 3. Politics 3.1. Inviting investors to the world of stagnation and laziness 3.2. "This project ends the problem" 4. Economics 4.1. Chinese experience in building cities-the-ghosts 4.2. State employees as the main factor of the economic growth 4.3. Usually GDP and GNP differ slightly 5. Finances 5.1. "Tons of money" has already been thrown in 6. Our forecast for August 7. From the IISEPS desktop Introduction: Dear readers! On July 19 receiving head of the National Bank N. Ermakova with a report, A. Lukashenko expounded his take on the market principles of the exchange rate formation mechanism: "The population and market participants must understand: when the demand is great - the price is higher, the demand is low or there is no demand - the price is lower, including for currency. Money is goods, too". However, demand, especially demand for currency, is formed to a considerable extent under the influence of subjective factors, one of which is the level of the population's inflation expectations. Belarusian economy supplies more and more signals about the approaching weakening of the ruble with every passing day, and the population actively picks up the signals. Nevertheless, just as we had supposed, in spite of the private bank depositors' active redirecting to foreign-currency deposits the ruble withstood in July. IISEPS executive board Complete version see Here »» |
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