Indeed, similar actions by many small countries, taken together, would have the same effect. Moreover, there should be no presumption that spillovers are always and everywhere bad, although the term admittedly sounds slightly pejorative. Actions taken by one country that are in its own long-term interest (keeping its house in order) typically benefit others (keeping the neighbourhood safe).
More specifically, we think that a sound banking system and fiscal discipline, as well as focus on structural reforms and convergence toward the EU are among the most important preconditions for a sustainable Currency Board and prosperous Bosnia and Herzegovina. ###  7 of 7