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J. Mon. Ec. 2009, 5(3): 157-171 Back to browse issues page
Central bank in managing financial stability and economy in Bosnia and Herzegovina
Igor Živko
Faculty of Economics Mostar, Bosnia and Herzegovina
Abstract:   (2818 Views)

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.

JEL: G18, G21 G32 E58 

Keywords: Financial system, currency board, central bank, monetary policy
Full-Text [PDF 310 kb]   (622 Downloads)    
Type of Study: Research | Subject: Monetary Economics
Received: 2014/04/21 | Accepted: 2014/04/21 | Published: 2014/04/21
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Živko I. Central bank in managing financial stability and economy in Bosnia and Herzegovina. J. Mon. Ec.. 2009; 5 (3) :157-171
URL: http://jme.mbri.ac.ir/article-1-47-en.html


Volume 5, Issue 3 (Summer 2009) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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