Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina

20 Pages Posted: 12 Jan 2007

See all articles by Daniel Kanda

Daniel Kanda

International Monetary Fund (IMF)

Date Written: December 2006

Abstract

This 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.

JEL Classification: C13, C51, E17, E63, F41

Suggested Citation

Kanda, Daniel, Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina (December 2006). IMF Working Paper No. 06/276, Available at SSRN: https://ssrn.com/abstract=956739

Daniel Kanda (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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