Vol.6, No 2, 2009 pp. 161 - 176
UDC 339.732.4+339.732]:338.124.4
THE ROLE OF THE INTERNATIONAL MONETARY FUND AND WORLD BANK IN SOLVING GLOBAL FINANCIAL CRISIS
Izet Ibreljić, Amra Kožarić
Faculty of Economics, Tuzla, Univerzitetska 8, Bosnia and Herzegovina
ibreljic@yahoo.com, kozaricamra@yahoo.com
Late in 20th and in the early part of 21st century, through different forms of action plans and with ambitious steps, world financial institutions had engaged in solving of the emergence and impulsive spread out of global economy instability, which the developing countries have intensively encountered during the last decade. On the other hand, the results of these efforts have not been quite impressive. Considering predefined research problem, the general research aim in this paper is establishing the main and actual role and significance of IMF and World Bank in solving global financial crisis as well as concern level analysis due to global economy recession, and in final implication of those instable world trends on undeveloped economy and business in B&H. In this text, authors used methods of analysis, synthesis, comparison, description, generalization, induction and deduction, statistic data processing. Finally, fundamental conclusions of this research are: specifying the existence of a new international financial architecture, itemizing that predicted economic indexes of the situation and growth (GDP, interest rate, inflation, foreign currencies, deficit of the balance of payment) are quite volatile, because of credit crisis and transformation of credits into stock, specifying that the risks have been fogged and the market has been brought to delusion. Authors also, noticed that the current situation in global economy discriminates economic development in BH economy.
Key Words:  IMF, World Bank, global financial crisis, B&H, possible solutions.
ULOGA MEĐUNARODNOG MONETARNOG FONDA I SVETSKE BANKE U REŠAVANJU PROBLEMA SVETSKE FINANSIJSKE KRIZE
Krajem XX.-og i početkom XXI.-og stoljeća, svetske finansijske institucije su se, kroz različite forme akcionih planova i uz ambiciozne korake, angažovale na rešavanju problema nastanka i impulsivnog širenja nestabilnosti globalne ekonomije sa kojom su se intenzivno, posebno u poslednjoj deceniji susrele zemlje u razvoju i tranzicijske ekonomije. Međutim, rezultati tih napora nisu baš impresivni. I dalje postoji zabrinutost od nastanka ponovnih, čak i surovijih globalnih ekonomskih recesija i širenja nestabilnosti na međunarodna finansijska tržišta. Kako izgleda, situacija je ozbiljnija nego što su predstavnici vlasti, MMF-a i Svjetske banke spremni priznati, a ekonomisti i svetski čelnici sve više izražavaju veliki pesimizam zbog uzavrelih finansijskih nestabilnosti i recesija. Neizvjesnosti na tržištima, u celosti gledano, ostaju vrlo velike. U takvim uslovima, u narednom periodu će diskusije verojatno biti usmjerene na poteze koje bi trebale poduzeti svetske finansijske institucije da se ublaže rizici na finansijskim tržištima i umanje nestabilnosti koje karakterišu svetsku ekonomiju u XXI-om stoljeću. Stoga, u prvom delu ovog rada autori razmatraju ulogu i značaj MMF-a i Svetske banke u rešavanju problema svetske finansijske krize, dok će poseban fokus u ovom istraživanju biti usmeren prema ekonomiji Bosne i Hercegovine kao drugom delu rada, koja se nalazi u teškom ekonomskom položaju i kojoj preti veliki udar od svetskih nestabilnosti u narednom periodu.
Ključne reči: MMF, Svetska banka, svetska finansijska kriza, Bosna i Hercegovina, rešenja.