Devaluation as the instrument for recession overcoming in Bosnia and Herzegovina

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.

Issue Date:
Jan 28 2011
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 1804-0527 (PRINT) (Other)
Record Identifier:
PURL Identifier:
Published in:
07, 1
Perspectives of Innovations, Economics, and Business
Page range:
Total Pages:
JEL Codes:
F; F3; F31

 Record created 2017-04-01, last modified 2018-11-28

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