GOVERNMENT MEASURES TO OVERCOME THE FINANCIAL CRISIS

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.