Devaluation as the instrument for recession overcoming in Bosnia and Herzegovina

• Authors: Zeljko Maric
• Languages of publication: EN

Abstracts

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.

Keywords

EN

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

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Prague Development Center, Czech Republic
• Journal: Perspectives of Innovations, Economics and Business
• Year: 2011
• Volume: 7
• Issue: 1
• Pages: 8-11

Dates

published

2011-01-16

Contributors

author

Zeljko Maric

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

• Prague Development Center, Czech Republic

References

• 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.

Identifiers

DOI

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