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Effects of the Washington Consensus on the Macroeconomic Stability of Bosnia and Herzegovina

Author

Listed:
  • Kasumović Merim

    (Faculty of Economics Tuzla, Bosnia and Herzegovina)

  • Hadžialić Dino

    (Indirect Taxation Authority of Tuzla, Bosnia and Herzegovina)

Abstract

With regard to the specific situation and problems in Bosnia and Herzegovina this paper will analyse the effects caused by adhering to the rules of the Washington Consensus, and thus will determine to which extent they have influenced the stability of the macroeconomic indicators in Bosnia and Herzegovina and will explain how the rules affect the stability of macroeconomic indicators of Bosnia and Herzegovina. The main thesis of the Washington Consensus is that by following the measures of the same the macroeconomic situation in the country becomes more stabilised. However, stabilization often cannot sustain in the long term and this situation in the economy can be regarded as quasi-macroeconomic stability.

Suggested Citation

  • Kasumović Merim & Hadžialić Dino, 2016. "Effects of the Washington Consensus on the Macroeconomic Stability of Bosnia and Herzegovina," Economics, Sciendo, vol. 4(2), pages 29-56, December.
    • Handle: RePEc:vrs:econom:v:4:y:2016:i:2:p:29-56:n:2
    DOI: 10.1515/eoik-2017-0002
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