Comparative analysis of tendencies of money market of the economy of Belarus (1992-2012). Part 2
The second part of the article is the comparative analysis of nature of the two waves of cycling crisis of the economy of Belarus (2008-2009, 2012). The tendencies of money market during 11 months 2012 are investigated. Recommendations are given for systemic reforming the fiscal sector, the banking system and the macroeconomic. The author proves necessity of the financial stabilization in the national economy, recovery state banks and state enterprises through the selection for improve efficiency of the state enterprises and the core state banks and realization of the program of the their market restructuring. The author proposes: 1) to eliminate the current complicated practice of non-market financing of the state enterprises through financing of the core state banks by the National Bank; 2) practice of non-market financing of the budget deficit by the National Bank; 3) creation conditions for formation competitive real capital, loan market, labour market and consumer goods market.