Skip to main content
Have a personal or library account? Click to login
The Political Economy of Currency Boards: Case of Bosnia and Herzegovina Cover

The Political Economy of Currency Boards: Case of Bosnia and Herzegovina

South East European Journal of Economics and Business
Volume 5 (2010): Issue 2 (November 2010)
By:   
Open Access
|Jun 2011
References

References

  1. Aristovnik, A. "How Sustainable are Current Account Deficits in Selected Transition Economies?" Journal of Economics, 1/55, 2007. 19-39
    Search in Google Scholar
  2. Arvai, Z., Driessen, K., and Otker-Robe, I. "Regional Financial Interlinkages and Financial Contagion Within Europe." IMF Working Paper 09/6. January 2009.
    Open DOISearch in Google Scholar
  3. Aydin, B. "Banking Structure and Credit Growth in Central and Eastern European Countries." IMF Working Paper 08/215. Washington, D.C.: IMF. 2008
    Open DOISearch in Google Scholar
  4. Backe, P. and Walko, Z. "Bank Intermediation in Southeastern Europe: Depth and Structure."Vol. 2.
    Search in Google Scholar
  5. Vienna: Austrian Central Bank, Foreign Research Division, 2006.48 - 68.
    Search in Google Scholar
  6. Balino, T., Enoch, C., Ize, A., Santiprabhob, V., and Stella, P. "Currency Board Arrangements: Issues and Experiences." IMF Occasional Paper no. 151, Washington, D.C., August 1997.
    Search in Google Scholar
  7. Banking Agency of the Federation of Bosnia and Herzegovina (FBA). Sarajevo, 2009a.
    Search in Google Scholar
  8. Banking Agency of the Federation of Bosnia and Herzegovina (FBA). Sarajevo 2009b.
    Search in Google Scholar
  9. Berensmann, K. "Monetary Policy Under Currency Board Arrangements: A Necessary Flexibility for Transition Countries?" In Kovacevic, D., ed.,Sarajevo: Central Bank of Bosnia and Herzegovina, 2004.
    Search in Google Scholar
  10. Brixiova, Z., Vartia, L., and Worgotter, A. "Capital Inflows, Household Debt and the Boom-Bust Cycle in Estonia." OECD Working Paper ECO/WK, (41) 2009.
    Open DOISearch in Google Scholar
  11. Causevic, F. "Globalna Recesija I Njene Refleksije na Bosnu I Hercegovinu."(47) 2009. 61 -81.
    Search in Google Scholar
  12. Central Bank of Bosnia and Herzegovina (CBBH), Sarajevo, 2008a
    Search in Google Scholar
  13. Central Bank of Bosnia and HErzegovina (CBBH),, no. 3, Sarajevo, 2009a
    Search in Google Scholar
  14. Central Bank of Bosnia and HErzegovina (CBBH),, no. 4, Sarajevo, 2009b
    Search in Google Scholar
  15. Central Bank of Bosnia and HErzegovina (CBBH),, no. 4, Sarajevo, 2008b
    Search in Google Scholar
  16. Cirasino, M. and Hollanders, M. "General Principles for International Remittance Systems" World Bank. CPSS-WB Conference, Washington. May 2006.
    Search in Google Scholar
  17. Chang, R. and Velasco, A. "Liquidity Crises in Emerging Markets: Theory and Policy." NBER Working Papers 7272. Washington: National Bureau of Economic Research, 1999.
    Search in Google Scholar
  18. Desquilbet, J. B. and, N. Nenovsky, "Credibility and Adjustment: Gold Standards Versus Currency Boards"., no.39. Sofia: Bulgarian National Bank, 2004
    Search in Google Scholar
  19. Dobrev, D. "The Currency Board in Bulgaria: Design, Peculiarities and Management of Foreign Exchange Cover." Discussion Paper no. 9, Bulgarian National Bank, Sofia, 1999.
    Search in Google Scholar
  20. Dornbusch, R. and Giavazzi, F. "Hard Currency and Sound Credit: A Financial Agenda for Central Europe.", 1999, 4 (2), 25-32.
    Search in Google Scholar
  21. Edwards, S. "Exchange Rate Regimes, Capital flows and Crisis Prevention." In M. Feldstein (ed.)Chicago: University of Chicago Press, 2003, pp. 31-78.
    Open DOISearch in Google Scholar
  22. Freixas, X., Giannini, C., Hoggarth, G., and Soussa, F. "Lender of Last Resort: A Review of the Literature." In Charles Goodhart and Gerhard Illing (eds), Financial Crises, Contagion, and the Lender of Last Resort: A Reader, Oxford University Press, New York, 2002.
    Search in Google Scholar
  23. Gedeon, S. and Djonlagic, D. "Monetary Policy in Bosnia and Herzegovina Under the Currency Board Regime.", March-April 2009, 47 (2), 21-36.
    Open DOISearch in Google Scholar
  24. Gedeon, S. "Money Supply Endogeneity Under a Currency Board Regime: the Case of Bosnia and Herzegovina.", Fall 2009, 32 (1), 97 - 114.
    Open DOISearch in Google Scholar
  25. Ghosh, A.; Gulde A; Wolf, H. "Currency Boards: The Ultimate Fix?" Working Paper no. 98/8, International Monetary Fund, Washington, DC, 1998.
    Search in Google Scholar
  26. Goodfriend, M. and King, R. "Financial Deregulation, Monetary Policy, and Central Banking." Federal Reserve Bank of Richmond, 1988, 74 (3), 3-22.
    Open DOISearch in Google Scholar
  27. Hadziomeragic, A. "Bankarski Sektor u Bosni I Hercegovini: Prevladati Krizu I Doprinijeti Oporavku."(47) 2009. 186-208.
    Search in Google Scholar
  28. Hanke, S. H. and Schuler, K._ Washington, D. C.: Heritage Foundation, 1991.
    Search in Google Scholar
  29. Humphrey, T. "Lender of Last Resort: The Concept in History." Richmond Federal Reserve,, March/April 1989.
    Search in Google Scholar
  30. International Monetary Fund. 2010. "IMF Completes First Review Under Stand-By Arrangement with Bosnia and Herzegovina, Approves 138.4 million Disbursement." Press Release No. 10/111. March 24, 2010.
    Search in Google Scholar
  31. International Monetary Fund. 2009a. "Bosnia and Herzegovina: Request for Stand-By Arrangement—Staff Report. IMF Country Report No. 09/226
    Open DOISearch in Google Scholar
  32. International Monetary Fund. 2009b. "Agreement with Banks Limits Crisis in Emerging Europe." IMF Survey Magazine, October 28, 2009.
    Search in Google Scholar
  33. IMF. 2009c "European Bank Coordination Meeting on Bosnia and Herzegovina." Press Release No. 09/230. June 23, 2009.
    Search in Google Scholar
  34. International Monetary Fund. 2008. "Bosnia and Herzegovina: Selected Issues." IMF Country Report No. 08/326.
    Open DOISearch in Google Scholar
  35. International Monetary Fund. 2007 "Bosnia and Herzegovina : Selected Issues." IMF Country Report No. 07/269.
    Open DOISearch in Google Scholar
  36. Joksas, P. "Sterilization Activities and Lender of Last Resort in Recent Currency Board-Like Countries," Warsaw, Dec. 2004, Center for Social and Economic Research, Warsaw; #289.
    Search in Google Scholar
  37. Kaminski, B. and Ng, K. "Bosnia and Herzegovina's Surprising Export Performance: Back to the Past I a New Veil but Will it Last?" World Bank Policy Research Working Paper 5187, January 2010.
    Search in Google Scholar
  38. Kopcke, R.W. "Currency Boards: Once and Future Monetary Regimes?" New England Economic Review, May/June 1999, 21-37.
    Search in Google Scholar
  39. Kozaric, K. "Uticaj Globalne Finansijske Krize Na Bosnu I Hercegovinu." Special Research Theme STI/01/09. Central Bank of Bosnia and Herzegovina, January 2009.
    Search in Google Scholar
  40. Kraft, E. and Jankov, L. "Does Speed Kill? Lending booms and Their Consequences in Croatia."(29), 2005. 105-21.
    Open DOISearch in Google Scholar
  41. Lewis, M. K. "Curreny Boards and Currency Arrangements in Transition Economies." In Z. Sevic (ed) Banking Reforms in South-East Europe. Cheltenham, UK: Edward Elgar, 2002, pp. 125-146.
    Search in Google Scholar
  42. Mihaljek, D. Trade, Capital Flows, and Banking Sector Developments in Central and Eastern Europe." Conference paper: Euro 50 Group, Istanbul, 2006a.
    Search in Google Scholar
  43. Mihaljek, D. "Rapid Growth of Bank Credit in Central and Eastern Europe: the Role of Housing Markets and Foreign-Owned Banks." Conference paper: Twelfth Dubrovnik Economic Conference, Croatian National Bank, June 2006b.
    Search in Google Scholar
  44. Minea, A. and Rault, C. "Some New Insights into Currency Boards: Evidence from Bulgaria." William Davidson Institute Working Paper No. 903, Ann Arbor, January 2008.
    Open DOISearch in Google Scholar
  45. Minsky, H. "The Financial Instability Hypothesis: A Restatement." In P. Arestis and T. Skouras (eds.)Sussex. UK: Wheatsheaf, 1985, pp. 24-55.
    Search in Google Scholar
  46. Minsky, H.New Haven: Yale University Press, 1986.
    Search in Google Scholar
  47. Niksic, O. "Strukturni Razlozi Nemogucnosti Bosanskohercegovackog Odgovora.", June 2009, (47) 2009. 145-163.
    Search in Google Scholar
  48. Ostry, J.D., Ghosh, A.R., Habermeier, K., Chamon, M., Qureshi, M. S., and Reinhardt, D. B. S. "Capital Inflows: The Role of Controls." IMF Staff Position Note, SPN/10/04, February 19, 2010.
    Open DOISearch in Google Scholar
  49. Poirot, C. S. "Did the Currency Board Resolve Bulgaria's Financial Crisis of 1996-97?", Fall 2003, Vol 26, No. 1, pps. 27-55.
    Search in Google Scholar
  50. Ponsot, J. F. "European Experiences of Currency Boards: Estonia, Lithuania, Bulgaria, and Bosnia and Herzegovina." In M. Vernengo (ed.), Cheltenham, UK: Edward Elgar, 2006, pp. 28-60.
    Search in Google Scholar
  51. Schwartz, Anna. "Currency Boards: Their Past, Present and Possible Future Role."
    Search in Google Scholar
  52. , no. 39, 1993.
    Search in Google Scholar
  53. Shelburne, R. "Current Account Deficits in Emerging Markets." United Nations Economic Commission for Europe (UNECE) Discussion Paper Series No. 2008.2 June 2008, Geneva.
    Search in Google Scholar
  54. Silajdzic, S. "The Currency Board Trap: The Case of Bosnia and Herzegovina.", 2005, 2 (2), 47-79.
    Search in Google Scholar
  55. Sorsa, P., Bakker, B. B., Duenwald, C., Maechler, A. M., and Tiffin, A. "Vulnerabilities in Emerging Southeastern Europe—How Much Cause for Concern?" IMF Working Paper WP/07/236, October 2007.
    Open DOISearch in Google Scholar
  56. Williamson, J.Washington, D.C.: Institute for International Economics, 1995.
    Search in Google Scholar
  57. Winkler, A. "Southeastern Europe: Financial Deepening, Foreign Banks and Sudden Stops in Capital Flows.", Austrian Central Bank, Issue 1, 2009. 84 - 97.
    Search in Google Scholar
  58. Wolf, H. C., Ghosh, A. R., Berger, H. Gulde, A.Cambridge: MIT Press, 2008.
    Open DOISearch in Google Scholar
  59. World Bank. "Protecting the Poor During the Global Crisis: 2009
    Search in Google Scholar
  60. Bosnia and Herzegovina Poverty Update." Report 51847. Dec. 18, 2009. Zettlemeyer, J. (ed.)London: European Bank for Reconstruction and Development (EBRD), 2009.
    Search in Google Scholar
  61. Interview of Vicegovernor CBBH Ljubisa Vladusic, in "Stimulacija banaka za dalje kreditiranje", October 27, 2008, p. 17.
    Search in Google Scholar
  62. Interview of Kemal Kozaric, Governor of CBBH. "Gradani iz banaka povukli 81 million KM", October 16, 2008
    Search in Google Scholar
DOI: https://doi.org/10.2478/v10033-010-0011-6 | Journal eISSN: 2233-1999 | Journal ISSN: 1840-118X
Journal RSS Feed
Language: English
Page range: 7 - 20
Published on: Jun 3, 2011
Published by: University of Sarajevo
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year
Keywords:
Currency Board,
transition economies,
Bosnia and Herzegovina,
monetary policy,
southeast Europe
Related subjects:
Business and economics,
Business management,
Business management, other

© 2011 Shirley Gedeon, published by University of Sarajevo
This work is licensed under the Creative Commons License.

Volume 5 (2010): Issue 2 (November 2010)
Next article