04065oam 22010094 450 991082568840332120240410162911.01-4623-8813-21-4527-1986-11-283-51577-61-4519-0989-69786613828224(CKB)3360000000443750(EBL)3014533(SSID)ssj0000940102(PQKBManifestationID)11576139(PQKBTitleCode)TC0000940102(PQKBWorkID)10946289(PQKB)10317834(OCoLC)694141238(MiAaPQ)EBC3014533(IMF)WPIEE2006276(EXLCZ)99336000000044375020020129d2006 uf 0engur|n|---|||||txtccrCredit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina /Daniel Kanda1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (20 p.)IMF Working Papers"December 2006."1-4518-6536-8 Includes bibliographical references.""Contents""; ""I. BACKGROUND""; ""II. A THEORETICAL MODEL OF THE TRADE BALANCE""; ""A. The Consumer�s Problem""; ""B. The Firm�s Problem""; ""C. The Government�s Problem""; ""D. The Bank�s Problem""; ""E. Import and Export Market Clearing""; ""F. The Trade Balance""; ""G. The Exchange Rate""; ""III. THE ESTIMATED MODEL""; ""A. Data Considerations""; ""B. Stationarity""; ""C. Estimation Results""; ""D. Forecast Evaluation""; ""IV. POLICY IMPLICATIONS""; ""Appendix Dataset Used in the Estimation""; ""References""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.IMF Working Papers; Working Paper ;No. 2006/276CreditBosnia and HercegovinaFiscal policyBosnia and HercegovinaExports and ImportsimfMoney and Monetary PolicyimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfEmpirical Studies of TradeimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfMonetary economicsimfInternational economicsimfTrade balanceimfCreditimfBank creditimfConsumer creditimfCurrenciesimfBalance of tradeimfMoneyimfBosnia and HerzegovinaimfCreditFiscal policyExports and ImportsMoney and Monetary PolicyMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralEmpirical Studies of TradeMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsMonetary economicsInternational economicsTrade balanceCreditBank creditConsumer creditCurrenciesBalance of tradeMoneyKanda Daniel1677578DcWaIMFBOOK9910825688403321Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina4058418UNINA