This paper describes the currency board regime operations in Bosnia and Herzegovina and assess its performance and sustainability in the context of the economic, political and institutional environment. To the best of our knowledge, our study seems to be unique in this respect. Based on the theoretical considerations as well as empirical evidence, we judge that Bosnia and Herzegovina’s currency board regime is well-suited and appropriate given the country’s history, its current state and its future goals. Nevertheless, we believe that the key to the currency board’s sustainability, and an eventual accession to the European Union, is a stronger legal and regulatory infrastructure and a more unified political system.
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Paper provided by Carleton University, Department of Economics in its series Carleton Economic Papers with number
05-01.
Length: 23 pages Date of creation: 15 Jun 2004 Date of revision:
06 Feb 2005 Publication status: Published: Carleton Economic Paper Handle: RePEc:car:carecp:05-01
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