These areas of policy discretion, if used wisely and in moderation, could be of advantage to economic development in BH. There are lots of projects in BH for which a ‘little bit’ of CBBH finance may be helpful.
But the problem would be in keeping the CBBH credit to a ‘little bit.’ The experience of the region is that excess central bank credit has usually been created and the result is inflation. That does not help business, employment or confidence in BH. So in my view, the strict Currency Board is the best approach for BH.