Bosnia and Herzegovina: Selected Issues

International Monetary Fund

No 2006/368, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 63
Date: 2006-10-23
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