Financial stability initiative: Central Bank of Bosnia and Herzegovina
A holistic approach is enabling the central bank to reinforce financial stability, despite country’s challenging institutional set-up
Ensuring stability is hard enough at the best of times. Doing so in a country that still bears the scars of what was Europe’s bloodiest conflict since World War II poses formidable challenges. The treaty that ended the Bosnian war in 1995 bequeathed a fractured state, with separate institutions representing the country’s Muslims and Croats on the one hand and its Serbs on the other. Effecting change involves careful negotiations with multiple stakeholders.
As one of the few truly pan-national
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