Building Bosnia on banknotes

Article Abstract:

The head of the Bosnian central bank is Peter Nicholl from New Zealand. he is supervising a new national currency, the convertible mark or marka. There have been three currencies in circulation, the German mark, Croatian kuna and Yugoslav dinar, and the aim is for the new currency to aid with the reunification of Bosnia. The marks has proved popular in Serbian areas of Bosnia, but less so in Croatian areas where the Croatian currency is used, and possesses greater stability than the Yugoslav dinar, previously used by the Serbs.

Economic policy, Central banks, Bosnia and Herzegovina, Money

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System failure

Article Abstract:

A variety of banking reforms such as fatter capital ratios, improved risk-management systems and faster diversification have reduced the threat of systemic banking failure. However, financial liberalization and globalization have dramatically increased the damage that would result from system failure.

Analysis, Prevention, International banking, Bank failures

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