Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina.
- 1st ed.
- 1 online resource (20 pages)
- IMF Working Papers .
- IMF Working Papers .
Intro -- Contents -- I. BACKGROUND -- II. A THEORETICAL MODEL OF THE TRADE BALANCE -- A. The Consumer's Problem -- B. The Firm's Problem -- C. The Government's Problem -- D. The Bank's Problem -- E. Import and Export Market Clearing -- F. The Trade Balance -- G. The Exchange Rate -- III. THE ESTIMATED MODEL -- A. Data Considerations -- B. Stationarity -- C. Estimation Results -- D. Forecast Evaluation -- IV. POLICY IMPLICATIONS -- Appendix Dataset Used in the Estimation -- References.