Стање фундаменталних механизама на којима почивају монетарни системи у БиХ, Србији и Хрватској
Core Principles in Monetary System of BiH, Serbia and Croatia: Situation in Practice

Summary/Abstract: Three, once central republic of SFR Yugoslavia made three different choices about their monetary policy framework. Their citizens’ experiences with this choice are quite different and even experts in this area mostly argue about issues like inflation, exchange rate stability, influence of monetary system on stability of finance system, etc. However, our intention in this paper was to address some underlying issues: whether the basic principles of those monetary systems framework are functional in practice. Unfortunately, the results we got are not encouraging and argue in favor of the claims that there is a vast disproportion between chosen monetary policy framework and real situation in the country (Serbia), that there is significant social pressure to deley functioning of basic adjusment mechanisam (BiH), or central bank authorities work on neutralisation of key adjusment mechanisam with transfer of responsibility to other levels of authority (Croatia).

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