Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina

December 1, 2006

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Subject: Bank credit, Consumer credit, Credit, Currencies, Trade balance

Keywords: trade deficit, WP

Pages:
17
Volume:
2006
DOI:
https://doi.org/10.5089/9781451865363.001
Issue:
276
Series:
Working Paper No. 2006/276
Stock No:
WPIEA2006276
ISBN:
9781451865363
ISSN:
1018-5941

Loading component...

Supplemental Resources

Link to data for this title
ZIP

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Working Papers