One Currency for Bosnia

📖 The Scoop

Both a fascinating personal narrative of the often colorful former warriors now rebuilding a part of war-torn Yugoslavia, and a detailed look inside how experts can stabilize a nation's currency and banking system. Written by an American who has led technical missions for the International Monetary Fund to more than twenty countries, this book - written in layman's language, but of immense value to those in banking and foreign policy initiatives - is the first such account of the behind-the-headlines work American and other economists do to bring peace and prosperity to former failed states.Coats was involved in the creation of the Central Bank of Bosnia from before the Dayton Peace Accords. His 'currency board' rules for monetary policy, and the creation of the bank, have resulted in the most successful state institution in the country.The technical world of economics comes alive here as the book unfolds like a mystery novel full of colorful and determined people enmeshed in political obstacles but determined to escape the disaster of the bloodiest wars in recent memory.

Genre: Business & Economics / Banks & Banking (fancy, right?)