文章基本信息

标题：EU ACCESSION IMPLICATIONS ON BOSNIA AND HERZEGOVINA ON THE BASIS OF OPTIMAL CURRENCY AREA THEORY ANALYSIS
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作者：Đonlagić, Dženan
期刊名称：Ekonomski Pregled
印刷版ISSN：0424-7558
出版年度：2006
卷号：57
期号：7-8
页码：593-600
出版社：Croatian Economic Association
摘要：The paper tests accession implications for Bosnia and Herzegovina on the basis of optimal currency area (OCA) theory analysis. Using the method of comparative analysis, we concluded that the possibility of economic schock on the demand side will be less probable when Bosnia and Herzegovina joins the European Monetary Union (EMU). By integration of Bosnia and Herzegovina into the EMU, instead of asymetric schocks, the tendency of symetric ones might appear. Trade integration may lead towards regional concentration of industrial activities. In that case, economic schocks specifi c for certain sectors may become economic schocks for the country as a whole. In this case, the exchan-ge rate as the instrument of macroeconomic policy could be used. As the result of Bosnia and Herzegovina’s integration into the EMU, we would have less negative schocks. The most rational solution for Bosnia and Herzegovina is gradual monetary integration. By having stable monetary policy, we need to strengthen the managament of foreign trade policy, income policy, management of public fi nance, industrial policy, etc.
关键词：optimal currency area; integration; European monetary union; economic schock