04264oam 22010934 450 991096875390332120250426110529.0978661382822497814623881341462388132978145271986314527198619781283515771128351577697814519098901451909896(CKB)3360000000443750(EBL)3014533(SSID)ssj0000940102(PQKBManifestationID)11576139(PQKBTitleCode)TC0000940102(PQKBWorkID)10946289(PQKB)10317834(OCoLC)694141238(MiAaPQ)EBC3014533(IMF)WPIEE2006276(IMF)WPIEA2006276WPIEA2006276(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."9781451865363 1451865368 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 HercegovinaBalance of tradeimfBank creditimfConsumer creditimfCreditimfCurrenciesimfEmpirical Studies of TradeimfExports and ImportsimfGovernment and the Monetary SystemimfInternational economicsimfMonetary economicsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMonetary SystemsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfRegimesimfStandardsimfTrade balanceimfBosnia and HerzegovinaimfCreditFiscal policyBalance of tradeBank creditConsumer creditCreditCurrenciesEmpirical Studies of TradeExports and ImportsGovernment and the Monetary SystemInternational economicsMonetary economicsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMonetary SystemsMoney and Monetary PolicyMoneyPayment SystemsRegimesStandardsTrade balanceKanda Daniel1800121DcWaIMFBOOK9910968753903321Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina4371216UNINA