Abstract
In this comparative-historical case study, changes in payment modes and currencies are described and analysed for the cases of Bosnia and Herzegovina and Serbia against the background of the breakup of the former Socialist Federal Republic of Yugoslavia.
First, an analytical framework is developed, yielding an ideal type of payments and a categorisation of movements away from and towards this ideal. While a unilateral decision tree forms the basic framework, it is argued that choosing a payment mode and a currency to effect a transaction is a problem of coordination. The aggregate outcome of changes in payments is understood by putting emphasis on the interplay of informal and formal rules in payments as well as on network structure and characteristics of payment systems.
After a description of the context, per case overviews are provided of major changes with respect to the payment system, payment network, legal tender and currency regime that occurred before, during and after the wars in the Balkans in the 1990s. By bringing theory and empirical data together, the thesis illuminates how and why payments changed under circumstances of conflict, how problems in payments were circumvented or solved, and what the economic outcome of the changes in payments was.
First, an analytical framework is developed, yielding an ideal type of payments and a categorisation of movements away from and towards this ideal. While a unilateral decision tree forms the basic framework, it is argued that choosing a payment mode and a currency to effect a transaction is a problem of coordination. The aggregate outcome of changes in payments is understood by putting emphasis on the interplay of informal and formal rules in payments as well as on network structure and characteristics of payment systems.
After a description of the context, per case overviews are provided of major changes with respect to the payment system, payment network, legal tender and currency regime that occurred before, during and after the wars in the Balkans in the 1990s. By bringing theory and empirical data together, the thesis illuminates how and why payments changed under circumstances of conflict, how problems in payments were circumvented or solved, and what the economic outcome of the changes in payments was.
| Original language | English |
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| Qualification | Doctor of Philosophy |
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| Award date | 1 Dec 2014 |
| Place of Publication | Tilburg |
| Publisher | |
| Print ISBNs | 9789056684143 |
| Publication status | Published - 1 Dec 2014 |