It is therefore very significant. If there is one single area that can have a large impact on getting the cost of capital in BiH down it is improving the legal and court system. The introduction of specialist commercial courts is aimed at improving this situation.
I think it is this last aspect that in the end made Estonia’s admittance relatively smooth. Estonia has shown a remarkable capacity to take difficult political decisions when they are needed. BIS Review 120/2010  1  This, I believe, was widely recognized and respected, and helped pave the way for Estonia to join the Monetary Union.