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

Author/Editor:

Daniel S Kanda

Publication Date:

December 1, 2006

Electronic Access:

Free Full text (PDF file size is 414 KB).Use the free Adobe Acrobat Reader to view this PDF file

Link to data for this title(ZIP file size is 8 KB).

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.

Series:

Working Paper No. 06/276

Subject:

Frequency:

Bimonthly

English

Publication Date:

December 1, 2006

ISBN/ISSN:

9781451865363/1018-5941

Stock No:

WPIEA2006276

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

17

Please address any questions about this title to publications@imf.org