Bosnia and Herzegovina:Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 368

Publication date: October 2006

ISBN: 9781451804904

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , national government , exchange rate , debt dynamics , expenditures saving , government function , Trade balance , Credit , Bank credit , Africa , Europe , long-term debt dynamics , Policy implication , International Monetary Fund Washington , D , C , , publication policy , Outward remittances , Current account deficits , Current account , Eastern Europe , Global

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Summary

The current account deficit by the Central Bank of Bosnia and Herzegovina in recent years has fluctuated to about 20 percent of GDP. But official current account statistics suffer from several shortcomings. Possible sources of the savings required to achieve a fiscal position consistent with long-term fiscal sustainability is discussed. A theoretical model of the trade balance has been developed and used as the basis for estimating a quarterly regression model of Bosnia and Herzegovina’s trade balance. Effective fiscal coordination is essential in Bosnia and Herzegovina.