Open AccessEUROZATION IN BOSNIA AND HERZEGOVINA - BARRIES AND OPPORTUNITIES FOR INTEGRATION
Publication year - 2018
Publication title -
zbornik radova/zbornik radova - journal of economy and business
Language(s) - English
Resource type - Journals
eISSN - 2712-1097
pISSN - 1840-3255
DOI - 10.46458/27121097.2018.si.372
Subject(s) - currency , financial system , business , financial stability , financial integration , economics , financial sector , currency board , international economics , monetary economics , finance , financial market
Preconditions of the economic growth of the small, open economy are stable and strong currency, favourable business environment and financial stability. Financial and monetary stability is one of the key presumptions of economic growth. Bosnia and Herzegovina in financial system record significant level of eurozation. There are many reasons for eurozation in national economy. Bank deposits and loans are denominated in euro, national currency is fixed to euro through monetary regime currency board. The objective of the paper is to provide conceptual framework of eurozation and to analyse level of eurozation in Bosnia and Herzegovina. Authors in paper will analyses economic development and changes in banking sector in condition of eurozation in period before and after financial crisis.