Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina
December 1, 2006
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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.
Subject: Bank credit, Consumer credit, Credit, Currencies, Trade balance
Keywords: trade deficit, WP
Pages:
17
Volume:
2006
DOI:
Issue:
276
Series:
Working Paper No. 2006/276
Stock No:
WPIEA2006276
ISBN:
9781451865363
ISSN:
1018-5941
