TITLE

MESTO I ULOGA MONETARNE POLITIKE BOSNE I HERCEGOVINE PRILIKOM ULASKA U EVROPSKU MONETARNU UNIJU

AUTHOR(S)
Savić, Mirko; Savić, Mladen
PUB. DATE
July 2011
SOURCE
Singidunum Scientific Review / Singidunum Revija;2011, Vol. 8 Issue 2, p19
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The objective of this paper is to define and compare the monetary policy instruments in Bosnia and Herzegovina and the European Union. The paper will particulary highlight the significance of the central bank, as the pillar of the monetary system. In realization of its functions, the central bank uses the monetary regulation instruments, among which the implementation of monetary policy and regulation of the monetary supply are considered the most important. The process of transformation towards efective use of open market instruments in policy impelementation usually involves two or three stages of market development. The transition to indirect instruments of menetary policy causes the operational acitivities of the central bank and the treasury to become more connected than before. The availability of market instruments to the central bank is no guarantee that monetary policy or the contry's economic performance will be satisfactory.
ACCESSION #
67473738

 

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