Having chosen a controversial path during its
economic transition, Belarus achieved surprisingly
impressive economic results, often referred to as the
"Belarusian puzzle", while the banking sector has
played a central role in the Belarusian economic
model. The book fills the existing literature gap on
the transition of the Belarusian banking system and
provides an in-depth analysis of its evolution since
the country achieved independence. It shows how the
role assigned to the banking sector has determined
its development, how the initially unskillful and
erroneous reform policies transformed...