The Role Of The International Monetary Fund And World Bank In Solving Global Financial Crisis Cover Image

Uloga međunarodnog monetarnog fonda I svetske banke u rešavanju problema svetske finansijske krize
The Role Of The International Monetary Fund And World Bank In Solving Global Financial Crisis

Author(s): Izet Ibreljić, Amra Kožarić
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: IMF; World Bank; global financial crisis; B&H; possible solutions.

Summary/Abstract: Late in 20th and in the early part of 21st century, through different forms of action plans and with ambitious steps, world financial institutions had engaged in solving of the emergence and impulsive spread out of global economy instability, which the developing countries have intensively encountered during the last decade. On the other hand, the results of these efforts have not been quite impressive. Considering predefined research problem, the general research aim in this paper is establishing the main and actual role and significance of IMF and World Bank in solving global financial crisis as well as concern level analysis due to global economy recession, and in final implication of those instable world trends on undeveloped economy and business in B&H. In this text, authors used methods of analysis, synthesis, comparison, description, generalization, induction and deduction, statistic data processing. Finally, fundamental conclusions of this research are: specifying the existence of a new international financial architecture, itemizing that predicted economic indexes of the situation and growth (GDP, interest rate, inflation, foreign currencies, deficit of the balance of payment) are quite volatile, because of credit crisis and transformation of credits into stock, specifying that the risks have been fogged and the market has been brought to delusion. Authors also, noticed that the current situation in global economy discriminates economic development in BH economy.

  • Issue Year: 2009
  • Issue No: 2
  • Page Range: 161-176
  • Page Count: 16
  • Language: English