GOVERNMENT MEASURES TO OVERCOME THE FINANCIAL CRISIS

Authors

  • Мирко Пуљић, PhD professor at the Faculty of Economics in Sarajevo

Keywords:

economic crisis, mortgage, credit liability, bonuses and interest rate

Abstract

The current economic crises that became apparent more than a year and a half ago is still a primary concern of the media, governments, and the social and economic analysts. This paper deals with measures to overcome the crisis taken by the governments of the affected countries. We predict that 2010 could be marked by the end of the crisis, as illustrated by estimated GDP changes. The estimates are limited by factors related to high unemployment rates and budget deficits of most developed countries. The paper also discusses the well known and less well-known elements of the economic crisis. An overview of measures taken by governments in the monetary and real sector is also provided, together with a commentary of the measures taken by governments in our country: Council of Ministers, Government of the Federation of Bosnia and Herzegovina, and the Government of the Republic of Srpska. Potential sources of funds are also identified that may be used to accelerate the social and economic growth in our country. The final part deals with the relationship of economists and economic crises in general.

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References

Leo M. Tilman: Financial darwinism, John Wiley & Sons, Inc., 2009.

Ch. Freedman, M. Kumhof, D. Laxton, J. Lee: The Case for Global Fiscal Stimulans, IMF, o6. March 2009.

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The Economist, 18. јули 2009.

Рачуноводство, ревизија и финансије у условима глобалне кризе, 13. Конгрес, Зборник радова, Бања Врућица, октобар 2009.

Криза и оквири економске политике, Зборник радова, Хрватска академија знаности и умјетности и Хрватски институт за финансије и рачуноводство, Загреб, јули 2009.

М. Пуљић: "Глобална криза и БиХ"; Acta Economica, Зборник радова, Економски факултет, Бања Лука, 2009.

М. Пуљић: "Држава и криза", Revicon, Сарајево, децембар 2009.

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Published

2010-06-30

How to Cite

Пуљић, М. (2010). GOVERNMENT MEASURES TO OVERCOME THE FINANCIAL CRISIS. Acta Economica, 8(12), 125–142. Retrieved from http://ae.ef.unibl.org/index.php/AE/article/view/191

Issue

Section

Preliminary Communication