@article{Challoumis_2021, title={Index of the cycle of money – the case of Belarus}, url={https://ojs.polessu.by/EB/article/view/1570}, abstractNote={<p>The purpose of this paper is to apply the theory of cycle of money to the cases of Belarus. Prior works have determined the economic characteristics of the case of Latvia, Serbia, and Bulgaria, according to the concept of the theory of cycle of money. The index of the cycle of money suggests how an economic system should counteract a monetary crisis and studies how well-structured is Belarus’s economy. The estimations of the index of the cycle of money of Belarus are compared with the global average index of the cycle of money. The results reveal that Belarus is close to the average global value. Then, Belarus’s results show that it is a well-structured economy and can face an economic crisis. The applied methodology stands on the analysis of the theory, mathematical, statistical, and econometrical results. The current work is important as represents the strength of Belarus’s economy to a potential financial and economic crisis. This work is from a project for multiple countries. Finally, the recent decision of 15% minimum tax to the international companies complies with the Fixed Length Principle of the theory of cycle of money that developed the last years.</p>}, number={2}, journal={Экономика и банки}, author={Challoumis, C.}, year={2021}, month={дек.}, pages={20-30} }