Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina
AbstractThis 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 06/276.
Date of creation: 01 Dec 2006
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-06 (All new papers)
- NEP-CBA-2007-01-06 (Central Banking)
- NEP-EEC-2007-01-06 (European Economics)
- NEP-IFN-2007-01-06 (International Finance)
- NEP-MAC-2007-01-06 (Macroeconomics)
- NEP-PBE-2007-01-06 (Public Economics)
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