Central bank in managing financial stability and economy in Bosnia and Herzegovina

Igor Zivko ()
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Igor Zivko : Faculty of Economics Mostar, Bosnia and Herzegovina

Journal of Money and Economy, 2009, vol. 5, issue 3, 157-171

Abstract: Financial system of B&H is "bank dominated", which means that banks (credit institution) is dominated financial institutions in the financial system. Banks have major role in financial intermediation process between deficit and surplus money unites. Having on mind specific features of financial systems in Bosnia and Herzegovina it's important to analyses characteristics each segment of financial system, specially banking sector, and identify which elements can have impact on stability and safety of financial sector. Only stabile financial system can ensure real economy stability. Indirect role in stabilisation national economy have central bank through managing financial stability and cooperating with national government. Currency board system put some barriers on central bank role in managing financial stability. So author in this paper will be analyses structure of BH financial system, to identified internal and external risk in banking sector, role of CBBH in managing financial stability, and analyses possible solutions in field of monetary policy and supervision for that purpose.

Keywords: Financial system; currency board; central bank; monetary policy (search for similar items in EconPapers)
JEL-codes: E58 G18 G21 G32 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:5:y:2009:i:3:p:157-171

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