Credit flows, fiscal policy, and the external deficit of Bosnia and Herzegovina
By: prepared by Daniel Kanda.
Contributors: International Monetary Fund. European Dept.
Series: IMF working paper -- WP/06/276
Publisher: International Monetary Fund, European Dept.
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 18
Subjects: Balance of trade -- Bosnia and Hercegovina.; Balance of payments -- Bosnia and Hercegovina.; Credit -- Bosnia and Hercegovina.; Fiscal policy -- Bosnia and Hercegovina.
Description: 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.
Notes: Caption title.

"December 2006."

Includes bibliographical references (p. 17-18)

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