Tomaš, Rajko - In: Journal of central banking theory and practice 12 (2023) 1, pp. 149-174
The Currency Board in Bosnia and Herzegovina (BiH) uses the euro as a reserve currency in the conditions of a negative … deposits and negative yields on bonds denominated in euro on the general advantages of the currency board and the consequences … for the functioning of the currency board in BiH. The impact of negative interest rates was measured by the currency board …