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

Author/Editor: Kanda, Daniel
Publication Date: December 01, 2006
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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(s): Balance of trade | Bosnia and Herzegovina | Credit | Fiscal policy | Monetary policy | Current account deficits

Author's Keyword(s): Fiscal | monetary | credit | trade balance
Publication Date: December 01, 2006
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2006276 Pages: 17
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