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Central Bank Of Bosnia And Herzegovina
The Central Bank of Bosnia and Herzegovina ( Bosnian, Croatian and Serbian: ''Centralna banka Bosne i Hercegovine'' / Централна банка Босне и Херцеговине) is the central bank of Bosnia and Herzegovina, located in the capital city, Sarajevo. The Central Bank of Bosnia and Herzegovina was established in accordance with the Law adopted at the Parliamentary Assembly of Bosnia and Herzegovina on June 20, 1997. It started its operation on August 11, 1997. The Central Bank of Bosnia and Herzegovina maintains monetary stability by issuing domestic currency according to the currency board arrangement with full coverage in freely convertible foreign exchange funds under the fixed exchange rate (1 BAM: 0.51129 EUR). The Central Bank of Bosnia and Herzegovina defines and controls the implementation of monetary policy of Bosnia and Herzegovina. The Central Bank of Bosnia and Herzegovina supports and maintains appropriate payment and settlement systems. It al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Nicholl
Peter William Ernest Nicholl (born 1944) is a New Zealand economist. Early life and education Nicholl was born in Hamilton, New Zealand and was educated at Victoria University of Wellington where he completed a BCA. Career Nicholl joined the Reserve Bank of New Zealand where he worked for 22 years. He was chief economist for five years and deputy governor and deputy chief executive from 1990 to 1995. In 1995, he became an executive director on the World Bank board representing New Zealand, Australia, Korea, Cambodia, Mongolia and seven Pacific island nations. Nicholl is currently a member of the governing board at the Central Bank of Bosnia and Herzegovina (CBBH). He was Governor of the CBBH from 1997 to 2004, during which time the central bank introduced its own currency and was established as an institution across the whole country. In the 2006 New Year Honours, Nicholl was appointed a companion of the Queen's Service Order The Queen's Service Order, establish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Establishments In Bosnia And Herzegovina
File:1997 Events Collage.png, From left, clockwise: The movie set of ''Titanic'', the highest-grossing movie in history at the time; ''Harry Potter and the Philosopher's Stone'', is published; Comet Hale-Bopp passes by Earth and becomes one of the most observed comets of the 20th century; Golden Bauhinia Square, where sovereignty of Hong Kong is handed over from the United Kingdom to the People's Republic of China; the 1997 Central European flood kills 114 people in the Czech Republic, Poland, and Germany; Korean Air Flight 801 crashes during heavy rain on Guam, killing 229; Mars Pathfinder and Sojourner land on Mars; flowers left outside Kensington Palace following the death of Diana, Princess of Wales, in a car crash in Paris., 300x300px, thumb rect 0 0 200 200 Titanic (1997 film) rect 200 0 400 200 Harry Potter rect 400 0 600 200 Comet Hale-Bopp rect 0 200 300 400 Death of Diana, Princess of Wales rect 300 200 600 400 Handover of Hong Kong rect 0 400 200 600 Mars Pathfinder r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Bosnia And Herzegovina
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank (" lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Central Banks
. Central banks Central banks Central banks This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*). Disappeared central banking jurisdictions * – Bank of Amsterdam (1609-1791) * – Taula de canvi de Barcelona (1401-1714) * – East African Currency Board (1919-1966) * – (''Hrvatska Državna Banka'', 1941-1945) * – National Bank of Czechoslovakia (1926–1939 and 1945-1950) and State Bank of Czechoslovakia (1950–1992) * – (1854-1875) * – Bank of Saint George (1407-1805) * – (1948-1968) and Staatsbank der DDR (1968-1990) * – Hamburger Bank (1619-1875) * – Bank of Korea (1909–1950) * – Central Bank of Manchou (1932-1945) * - Bank of Issue in Poland (1940-1945) * – (1765-1846) and (1847-1875) * – (1849-1861), itself formed through the merger of (1846-1849) and Banca di Torino (1847-1849) * – National Bank of Vietnam (1954-1975) * – Banco di Napoli, under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Europe
The economy of Europe comprises about 748 million people in 50 countries. The formation of the European Union (EU) and in 1999 the introduction of a unified currency, the Euro, brought participating European countries closer through the convenience of a shared currency and has led to a stronger European cash flow. It is important to note that the European Union is not a country, rather a unique global organisation, as an entity forming one of the largest economies in the world. The European Union also “regulates” the global market by the Single Market. The difference in wealth across Europe can be seen roughly in former Cold War divide, with some countries breaching the divide (Greece, Portugal, Slovenia, the Czech Republic, Slovakia, Lithuania, Latvia and Estonia). Whilst most European states have a GDP per capita higher than the world's average and are very highly developed, some European economies, despite their position over the world's average in the Human Deve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Bosnia And Herzegovina
The economy of Bosnia and Herzegovina is a transitional, upper middle income economy. Bosnia and Herzegovina declared independence from socialist Yugoslavia on 1 March 1992. The main trading partners are Germany, Italy, Austria, Turkey and other neighboring Balkan countries. Overview Bosnia and Herzegovina is an upper middle-income country which has accomplished a great deal since the mid-1990s. Today, it is an EU potential candidate country and is now embarking on a new growth model amid a period of slow growth and the global financial crisis. Bosnia and Herzegovina is a small, open economy, dominated by services, which accounted for 55% of gross domestic product (GDP) in 2016, with a moderately developed industrial and manufacturing sector (23% and 12%, respectively), and a limited agricultural base (about 6% of GDP). The konvertibilna marka (convertible mark or BAM) - the national currency introduced in 1998 - is pegged to the euro, and confidence in the currency and the ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kemal Kozarić
Kemal Kozarić (born 13 October 1956) is a Bosnian economist who was most recently current Dean of the School of Economics and Business Sarajevo. He completed his elementary and high school education in Sarajevo, as well as graduating from the Faculty of Economics of University of Sarajevo in 1981, in the Marketing Department. He successfully defended his M.A. thesis "Perspectives of the Monetary Policy Model of Bosnia and Herzegovina on the Path Towards the European Union" in September 2006, which promoted him into Master in Economics. At the same Faculty he defended Doctoral Dissertation on the subject "Impact of Credit Growth on the Economic Development of Transitional Countries", and thereby he acquired the academic degree of the Ph.D. in Economics on 11 February 2009. He worked for 15 years in banking, and from 1996 until beginning of 2000, he was the Minister of Finance in Sarajevo Canton Government. After that he was appointed Vice Governor of the Central Bank of Bosnia an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Board
In public finance, a currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target. In colonial administration, currency boards were popular because of the advantages of printing appropriate denominations for local conditions, and it also benefited the colony with the seigniorage revenue. However, after World War II many independent countries preferred to have central banks and independent currencies. Although a currency board is a common (and simple) way of maintaining a fixed exchange rate, it is not the only way. Countries often keep exchange rates within a narrow band by regulating balance of payments through various capital controls, or though international agreements, among other methods. Thus, a rough peg may be maintained without a currency board. Features of "orthodox" currency boards T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sarajevo
Sarajevo ( ; cyrl, Сарајево, ; ''see names in other languages'') is the capital and largest city of Bosnia and Herzegovina, with a population of 275,524 in its administrative limits. The Sarajevo metropolitan area including Sarajevo Canton, East Sarajevo and nearby municipalities is home to 555,210 inhabitants. Located within the greater Sarajevo valley of Bosnia, it is surrounded by the Dinaric Alps and situated along the Miljacka River in the heart of the Balkans, a region of Southern Europe. Sarajevo is the political, financial, social and cultural center of Bosnia and Herzegovina and a prominent center of culture in the Balkans. It exerts region-wide influence in entertainment, media, fashion and the arts. Due to its long history of religious and cultural diversity, Sarajevo is sometimes called the "Jerusalem of Europe" or "Jerusalem of the Balkans". It is one of a few major European cities to have a mosque, Catholic church, Eastern Orthodox church, and synagogu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliamentary Assembly Of Bosnia And Herzegovina
The Parliamentary Assembly of Bosnia and Herzegovina ( sh-Latn-Cyrl, Parlamentarna skupština Bosne i Hercegovine, Парламентарна скупштина Босне и Херцеговине, separator=" / ") is the bicameral legislative body of Bosnia and Herzegovina. It consists of the following two chambers. *The House of Representatives ( Bosnian and Serbian: ''Predstavnički dom'' / Представнички дом, Croatian: ''Zastupnički dom'') has 42 members, elected for a four-year terms by proportional representation. *The House of Peoples (''Dom naroda'' / Дом народа) has 15 members, appointed by the parliaments of the entities: 5 members elected by the National Assembly of Republika Srpska (5 Serbian delegates), 5 members - by the Bosniak club of the House of Peoples of the Parliament of the Federation of Bosnia and Herzegovina (5 Bosniak delegates) and 5 members - by the Croat club of the House of Peoples of the Parliament of the Federation of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
