The Political Economy of Economic Liberalisation and Competitiveness in Bosnia and Herzegovina

2014 ◽  
pp. 91-111
Author(s):  
Fikret Čaušević
Keyword(s):  
Political Economy ◽  
Bosnia And Herzegovina ◽  
The Political

The Political Economy of Corruption in Bosnia and Herzegovina

2008 ◽  
Vol 15 (3) ◽  
pp. 373-386 ◽  
Author(s):  
Boris Divjak ◽  
Michael Pugh
Keyword(s):  
Political Economy ◽  
Bosnia And Herzegovina ◽  
The Political

scholarly journals The Political Economy of Currency Boards: Case of Bosnia and Herzegovina

2010 ◽  
Vol 5 (2) ◽  
pp. 7-20 ◽  
Author(s):  
Shirley Gedeon
Keyword(s):  
Political Economy ◽  
Monetary Policy ◽  
Exchange Rate ◽  
Bosnia And Herzegovina ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Central Banking ◽  
The Political ◽  
Currency Board ◽  
Currency Boards

The Political Economy of Currency Boards: Case of Bosnia and HerzegovinaCurrency Board Arrangements (CBAs) operate in several post-socialist European economies as an alternative to traditional central banking. The CBA literature primarily focuses on the discipline of the fixed exchange rate, suggesting that the gain of reduced exchange rate volatility and monetary stability outweigh the loss of independent monetary policy. It does not address the role and impact of foreign ownership of the banking system on currency board dynamics. Through a case study of the CBA in Bosnia and Herzegovina over a ten-year period, including the global financial crisis of 2008-09, this paper suggests that monetary policy is not abandoned; it is decentralized and privatized and critical to the maintenance of financial stability of the CBA.

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