IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-75444-0_9.html
   My bibliography  Save this book chapter

Monetary and Fiscal Policy Response During COVID-19 Crisis in Bosnia and Herzegovina: Constraints and Potentials

In: Macroeconomic Responses to the COVID-19 Pandemic

Author

Listed:
  • Sead Kreso

    (University of Sarajevo)

  • Lejla Lazović-Pita

    (University of Sarajevo)

  • Selena Duraković

    (University of Sarajevo)

Abstract

Bosnia and Herzegovina (BiH), as a small open economy, does not have adequate monetary and fiscal policy capacity to react during crisis. With a currency board as a monetary regime there is almost no room for monetary policy intervention. However, there are potentials in the financial system, which are not used due to undeveloped financial infrastructure. Limitations in monetary policy put additional pressure on fiscal policy, but current complex constitutional and institutional structure results in high and inefficient public spending. With an introduction of fiscal discipline measures, and the development of financial infrastructure, BiH could be better prepared to react to crisis and accelerate development. In this paper we examine constraints and potentials of both monetary and fiscal policy response during COVID-19 crisis in BiH.

Suggested Citation

  • Sead Kreso & Lejla Lazović-Pita & Selena Duraković, 2021. "Monetary and Fiscal Policy Response During COVID-19 Crisis in Bosnia and Herzegovina: Constraints and Potentials," Springer Books, in: Neven Vidaković & Ivan Lovrinović (ed.), Macroeconomic Responses to the COVID-19 Pandemic, chapter 0, pages 233-262, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-75444-0_9
    DOI: 10.1007/978-3-030-75444-0_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sun, Jiaqi & Li, Ping & Wang, Yunqiao, 2024. "Policy tools for sustainability: Evaluating the effectiveness of fiscal measures in natural resource efficiency," Resources Policy, Elsevier, vol. 89(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-75444-0_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.