Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina
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Summary:
This paper develops and estimates a model of the trade balance of Bosnia and Herzegovina. Credit flows and the fiscal stance are found to play a significant role in determining the trade balance. On this basis the paper discusses the trade-offs between monetary and fiscal policy settings needed to achieve a clear downward path for the large current account deficit of Bosnia and Herzegovina.
Series:
Working Paper No. 2006/276
Subject:
Bank credit Consumer credit Credit Currencies Trade balance
Frequency:
Bimonthly
English
Publication Date:
December 1, 2006
ISBN/ISSN:
9781451865363/1018-5941
Stock No:
WPIEA2006276
Pages:
17
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