The Role of Monetary Policy as the Foundation of Economic Development in Bosnia and Herzegovina

2016 ◽  
Vol 6 (1) ◽  
Author(s):  
Matej Zivkovic ◽  
Lejla Hodzic
Keyword(s):  
Monetary Policy ◽  
Economic Development ◽  
Bosnia And Herzegovina

scholarly journals THE ROLE OF THE CENTRAL BANK IN THE FUNCTION OF IMPROVEMENT OF LIQUIDITY OF BANKING SECTOR IN BOSNIA AND HERZEGOVINA

2019 ◽  
Vol 12 (24) ◽  
Author(s):  
Goran Mitrović ◽  
Živko Erceg
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Bosnia And Herzegovina ◽  
Banking Sector ◽  
Banking System ◽  
Policy Instruments ◽  
Foreign Banks ◽  
Dayton Agreement ◽  
The Impact

The monetary policy of Bosnia andHerzegovina is rather limited because it is basedon the principles of a currency boardcharacterized by the impossibility of implementingthe basic monetary policy instruments incomparison with the monetary policy of theEuropean Union. However, the constant presenceof European integrations should point the need fora more drastic change in the monetary policy ofBosnia and Herzegovina. By entering theEuropean Monetary Union (EMU), the monetaryterritory of Bosnia and Herzegovina will becomeone of the branches of the European Central Bank(ECB). In addition, it is not difficult to concludewhy the Law about the Central Bank of Bosnia andHerzegovina has been adopted with the first lawsof the Dayton Agreement, if it is known that thelargest part of the banking system, and thereforethe financial market, is owned by foreign banks.This work will point out the significance of theCentral Bank of Bosnia and Herzegovina, as oneof the most important factors for maintaining thepermanent liquidity of the banking sector inBosnia and Herzegovina. The possibilities andlimitations of the Central Bank of Bosnia andHerzegovina will be determined, with theassumption of macroeconomic sustainability overa longer period of time. The need of reforming thebanking system in Bosnia and Herzegovina will beanalyzed through the constant implementation ofthe Basel standards with the increasingparticipation of foreign banks in the Bosnia andHerzegovina. It will be determined the impact ofthe implementation of the Basel III in the bankingindustry in Bosnia and Herzegovina and itsconsequences on the banking and economicsystem.models, on the ways of financing theelimination of adverse consequences of naturaldisasters.

The Role of Monetary Policy in Economic Development.

Economica ◽  
1963 ◽  
Vol 30 (119) ◽  
pp. 335
Author(s):  
H. N. Roy
Keyword(s):  
Monetary Policy ◽  
Economic Development

scholarly journals THE ROLE OF MONETARY POLICY OF THE NATIONAL BANK OF RK IN THE ECONOMIC DEVELOPMENT OF THE STATE

REPORTS ◽  
2018 ◽  
Vol 6 (322) ◽  
pp. 68-71
Author(s):  
Almagul Tulegenovna Jumabekova ◽  
◽  
Gulzhan Baltabaeva Alina ◽  
Keyword(s):  
Monetary Policy ◽  
Economic Development ◽  
The State ◽  
National Bank

scholarly journals Role of Monetary Policy in Economic Development of Pakistan

2014 ◽  
Vol 10 (2) ◽  
pp. 1866-1872
Author(s):  
Mohammad Salih Memon ◽  
Dr. Asad RazaAbdi ◽  
Mr. Sarmad Rahat
Keyword(s):  
Monetary Policy ◽  
Economic Development ◽  
Linear Regression ◽  
Price Index ◽  
Consumer Price Index ◽  
Tight Control ◽  
Development Data ◽  
Ministry Of Finance ◽  
Monetary Assets

The aim of conducting this study was to look at the position of monetary assets in the perspective of economic development, data was collected from the ministry of finance government of Pakistan, and State Bank of Pakistan from (2000-01 to 2009-10) and linear regression was applied through SPSS 16 and concluded the position of imports and exports, that increase in exports will be the reason for increase in monetary assets of the country and same as increase in imports will also be the reason of increase in monetary assets in the shape of taxation, consumer price index is affecting negatively on the monetary assets in the way that when CPI is increasing the monetary assets available in the economy is decreasing always, finally if governments are trying to enhance the monetary assets in the economy they must relax the trade policy and tight control on inflation

scholarly journals Currency Board Policy and Economic Development of Bosnia and Herzegovina in the Context of European integration

2018 ◽  
Vol 15 (27) ◽  
Author(s):  
Željko Marić
Keyword(s):  
Monetary Policy ◽  
Economic Development ◽  
European Integration ◽  
Bosnia And Herzegovina ◽  
Open Economy ◽  
Domestic Currency ◽  
Currency Board ◽  
Negative Consequences ◽  
Deductive Method ◽  
Discretionary Monetary Policy

Bosnia and Herzegovina is a small and open economy in transition with great distrust in local authorities and institutions. The country applies a currency board as the only acceptable and optimal exchange rate system in order to protect its monetary policy from political influences. The strict rules of the currency board provide monetary stability and confidence in the domestic currency, but disable the pursuit of discretionary monetary policy and limit autonomous fiscal policy for the purpose of stimulating an investment cycle and economic development without coordinated accompanying support of monetary policy.The subject of this paper is an analysis of the short-term and long-term effects of the currency board application in Bosnia and Herzegovina in conditions of increasing liberalization through the process of European integration. Given the negative consequences and limitations of the currency board system, this paper analyses in particular the possibility of introducing a central bank with discretionary monetary policy instruments, as well as other measures that can influence the overvaluation of the domestic currency exchange rate.The scientific methods used in the paper are: inductive-deductive method, descriptive method and statistical method. The conclusion and recommendations areobtained by using inductive-deductive method and descriptions of current economictrends based on numerous secondary statistical data presented in the tables andcharts.

scholarly journals The role of the factory “Bratstvo” (Brotherhood) in the development of Novi Travnik

2020 ◽  
Vol 3 (4) ◽  
pp. 228-239
Author(s):  
Mirza Džananović ◽  
Keyword(s):  
Economic Development ◽  
Bosnia And Herzegovina ◽  
Local Community ◽  
Residential Buildings ◽  
Local Authorities ◽  
Industrial Plants ◽  
Survival And Development ◽  
Community Budget ◽  
The City

The establishment of the socialist regime had led to thorough political, economic, social, cultural and other changes in Bosnia and Herzegovina. The first decade after the Second World War was marked by the reconstruction of the war-torn country, and great support in that process was provided by the USSR - the main ally of the new Yugoslavia. Emphasis was placed on the intensive development of the industry, which was to be the carrier of the overall economic development of the entire country. In accordance with this strategy, large industrial plants were established in all parts of Yugoslavia, thanks to which there was an intensive process of urbanization of numerous previously dormant communities. However, when there was a conflict and then a break with the USSR, Yugoslavia was forced to partially modify its economic development plans (the so-called Five-Year Plans). These changes in Bosnia and Herzegovina were most felt by cities such as Zenica, which instead of the originally planned Doboj became a Yugoslav metallurgical center, and Novi Travnik, which arose as a result of relocating part of the arms industry from Kragujevac in Serbia to central Bosnia. The factory “Bratstvo" (meaning Brotherhood) was built on a deserted meadow near Travnik in the heart of central Bosnia, and for the needs of housing workers who built industrial plants, as well as for those who worked in those plants, the first residential buildings were built in the form of low-quality wooden barracks. These were the roots of the workers' settlement that gradually grew into a new town called Novi Travnik. The fateful link between the factory and the city, which was established at that time, was not interrupted during the entire socialist period, so the survival and development of Novi Travnik completely depended on the business opportunities in the "Bratstvo" factory. The expansion of the production and plant of the "Bratstvo" also included the construction of new housing, communal, social, health, sports, cultural, catering and other facilities in Novi Travnik. A successful business year in "Bratstvo" meant a secure inflow of money into the local community budget as well as a sufficient number of funds for the work of cultural, artistic, entertainment, sports and all other societies in the city. The same rule applied in the case of bad business of "Bratstvo", and the most obvious example of how important the factory was for Novi Travnik can be seen in the case of a failed business in Ghana. The local authorities in Novi Travnik were absolutely aware of the role of the "Brotherhood" in the development of Novi Travnik and tried in every way to facilitate the functioning of the company, so, except for a few mere misunderstandings, relations between city and factory management were mostly friendly. After all, when the survival of the "Bratstvo" was called into question due to the failed business in Ghana, local authorities were among the first to appeal for the company's salvation, clearly noting that with the disappearance of the factory, the fate of Novi Travnik would be sealed. The paper presents a brief overview of the history of the company "Bratstvo" from its founding in June 1949 until the end of the socialist period in 1990, and analyses the relations between the city and factory authorities in that period. The aim of the paper was to show the importance that the factory "Bratstvo" had for the overall development of Novi Travnik and to determine how much the local authorities were aware of the role of companies in the development of the city. The paper provides insight into the processes that took place in a particular local community, but which can also be found in other industrial cities of Bosnia and Herzegovina and Yugoslavia during the socialist period.

scholarly journals Islamic Economics Ethics Perspective on Economic Development in the Time of Coronavirus Disease (Covid-19)

2020 ◽  
Vol 5 (2) ◽  
pp. 111-127
Author(s):  
Rahmad Hakim ◽  
Muslikhati Muslikhati ◽  
Fitrian Aprilianto
Keyword(s):  
Monetary Policy ◽  
Economic Development ◽  
Data Collection ◽  
Economic Ethics ◽  
Depth Analysis ◽  
Qualitative Technique ◽  
Islamic Economic ◽  
Fiscal And Monetary Policy ◽  
Descriptive Qualitative

This study aims to provide an in-depth analysis of Islamic economics ethics on economic development in the time of coronavirus disease (Covid-19). This research was qualitative, using documentation techniques in data collection. The data analyzed using descriptive-qualitative technique. The conclusion of this study found that Islamic economic ethics in the economic development emphasizes on the role of the invidual (society) and institutions (government) in an active effort to manage the spread of coronavirus disease (Covid-19) by avoid an excessive buying, consume the halal and thayyib food, increase the alms giving activites and also the enforcement of fiscal and monetary policy.

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