MONETARY MOVEMENTS AND CHALLENGES OF MONETARY POLICY IN BOSNIA AND HERZEGOVINA IN THE CONDITIONS OF GEOPOLITICAL CHANGES

Student master studija, Univerzitet u Istočnom Sarajevu, Fakultet poslovne ekonomije Bijelјina, Republika Srpska, BiH
Bosnia and Herzegovina

Student master studija, Univerzitet u Istočnom Sarajevu, Fakultet poslovne ekonomije Bijelјina, Republika Srpska, BiH
Bosnia and Herzegovina


Abstract

The paper provides an overview of monetary movements in Bosnia and Herzegovina (BiH) and examines the determinants of credit growth in the Bosnian-Herzegovinian banking sector. As credit growth is influenced by several factors, the paper considers bank loans and deposits, the inflation level, and the impact of the crisis, including contemporary geopolitical relations. Measures and activities of the Central Bank of Bosnia and Herzegovina in conditions of geopolitical changes and global crises concern reducing the required reserve rate, credit lines of commercial banks, introducing a differentiated required reserve rate on bank deposits, changing financing of the real sector, etc. Inactivity and insufficient developmental focus are highlighted as leading deficiencies of the monetary policy of the Central Bank of Bosnia and Herzegovina, and its challenges. All indicators of monetary movements and challenges of monetary policy indicate that Bosnia and Herzegovina is still in an early phase of preparedness on the path to EU integration in the field of monetary policy and that its monetary policy is largely dependent on the European Central Bank in contemporary geopolitical circumstances.

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References


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