Devaluation as the instrument for recession overcoming in Bosnia and Herzegovina

• Autorzy: Zeljko Maric
• Języki publikacji: EN

Abstrakty

EN

Devaluation is the instrument of monetary policy which has been used very often during the 20th century. In recent time of globalization, the many limited factors (openness of the economy, capital movements, currency substitution, money illusion) significantly reduce or completely make impossible the devaluation implementation as the measure for foreign trade deficit or recession overcoming in many countries. This paper discusses on positive and negative effects of devaluation in the case of Bosnia and Herzegovina economy.

Słowa kluczowe

EN

devaluation; openness of the economy; currency substitution; external indebtedness; Bosnia and Herzegovina

• Wydawca: Prague Development Center, Czech Republic
• Czasopismo: Perspectives of Innovations, Economics and Business
• Rocznik: 2011
• Tom: 7
• Numer: 1
• Strony: 8-11

Daty

wydano

2011-01-16

Twórcy

autor

Zeljko Maric

• Faculty of Economics, University of Mostar, Bosnia and Herzegovina

• Prague Development Center, Czech Republic

Bibliografia

• Appleyard, D., Field, A., Cobb, S., 2008. International Economics, 6th edition, McGraw-Hill/Irwin.
• Krugman, P. and Obstfeld, M., 2006. International economics: Theory and policy, 7th edition, Addison Wesley.
• Mishkin, S., 2003. The economics of money, banking and financial markets, 6th edition update, Addison Wesley, Boston.

Identyfikatory

DOI

http://dx.doi.org/10.15208/pieb.2011.02