Selena Duraković

Research Associate

telephone: (+43-1) 533 66 10

Selena Duraković is Research Associate at wiiw and country expert for Bosnia and Herzegovina. She is Associate Professor at the School of Economics and Business, University of Sarajevo in Bosnia and Herzegovina. She holds a PhD and a Master’s degree from Staffordshire University in the UK. One chapter of her PhD thesis was awarded with the Olga Radzyner Award by the Austrian National Bank. Her research focuses on monetary policy, international trade and international finance. She is CERGE-EI Teaching Fellow and LSEE-CEFTA Academic Network member. In October 2016, she was an IMF’s Academic Research Fellow.

Austria, Vienna

External Publications

Articles in refereed journals
  • 'The Effect of a Currency Board Arrangement on Subjective Assessments of a Country’s Economic Performance' (with Nick Adnett and Geoff Pugh), International Journal of Economic Policy in Emerging Economies, 2022, forthcoming
  • 'An investigation of determinants of youth propensity to emigrate from Bosnia and Herzegovina' (with Bojan Baskot, Lejla Lazović-Pita and Velma Pijalović), Economic Research-Ekonomska Istraživanja, Volume 33, Issue 1, 6 May 2020, pp. 2574-2590
  • 'The Effect of Currency Board Arrangements on Inflation Performance in Transition Countries before and during the Global Financial Crisis' (with Nick Adnett and Geoff Pugh), Finance a úvěr-Czech Journal of Economics and Finance, Volume 69, No. 6, 2019, pp. 510-537
  • 'The adverse effect of real effective exchange rate change on trade balance in European transition countries' (with Sead Kreso), Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu, Volume 35, No. 2, 2017, pp. 277-299
  • 'An investigation into the credibility of currency board arrangements in Bosnia and Herzegovina and Bulgaria' (with Nick Adnett and Geoff Pugh), Journal of Comparative Economics, Volume 44, Issue 3, August 2016, pp. 787-799
  • 'Review of the Usage of Gravity Modelling Approach in Estimating Bilateral Trade Flows', Zbornik radova - Sarajevo Business and Economics Review (SBER), Issue 32, 2012, pp. 95-116
  • 'The Effect of Free Trade Agreements on Bilateral Trade Flows: The Case of Cefta', Zagreb International Review of Economics and Business, Vol. 14, Issue 2, 2011, pp. 51-69
Books (Monographs and editorship)
  • Monetarna politika: Zemlje Zapadnog Balkana (Monetary policy: Western Balkan countries) (with Kemal Kozarić, Sead Kreso and Emina Žunić Dželihodžić), Ekonomski fakultet u Sarajevu, Fojnica, Bosnia and Herzegovina, 2021
Articles in books
  • 'Monetary and Fiscal Policy Response During COVID-19 Crisis in Bosnia and Herzegovina: Constraints and Potentials' (with Sead Kreso and Lejla Lazović-Pita), in: Ivan Lovrinović and Neven Vidaković (eds), Macroeconomic Responses to the COVID-19 Pandemic - Policies from Southeast Europe, Palgrave Macmillan, Cham, July 2021, pp. 233–262
  • 'Banking, insurance and financial markets for investment and growth' (with Safet Kozarevic and Kemal Kozarić), in: Franco Delneri, Paolo Garonna and Federica Seganti (eds), Financing Investment and Growth in South-Eastern Europe: The Role of Banking, Insurance and Finance, Chapter: I, LUISS University Press, April 2019, pp. 23-78
  • 'Determinants of International Trade - Example of CEFTA2006 Member Countries', Development and economic policy : 9th European Doctoral Seminar (EDS) ; 3-5 September 2009, Budapest, IVb. Session, Collection of articles of several authors, Bamberg : BERG-Verl., September 2009, pp. 283-304
Other working papers and discussion series
  • 'The Sustainability and Desirability of a Currency Board Arrangement with Reflections on Bosnia and Herzegovina’s Currency Board' (with Kemal Kozarić and Mirza Kršo), Conference Paper, The 6th Scientific Conference with international participation "Economy of Integration", Tuzla, 5-7 December 2019
  • 'An Assessment of the Sustainability and Desirability of a Currency Board Arrangement, with Special Reference to Bosnia and Herzegovina', PhD thesis, Staffordshire University, December 2014
  • 'The Effect of Currency Board Arrangements on Inflation Performance in European Transition Countries', Conference Paper, 3rd Research conference "Towards recovery and sustainable growth in the altered global environment, Central Bank of Macedonia, Skopje, Macedonia, April 2014
  • 'Monetary Regime, Financial Development and the Process of Money Multiplication in the European Transition Countries', Conference Paper, 2nd International Scientific Conference “Economic and Social Development”, Central Bank of Macedonia, Paris, France, April 2013
  • 'The Global Financial Crisis (GFC) and the Change of Supervision Focus' (with Muharem Karamujić and Sead Kreso), Conference Paper, International Scientific Conference “From the Global Crisis to Economic Growth - Which Way to Take?”, University of Belgrade, Belgrade, Serbia, September 2012
  • 'Maturity (Mis)matching in Currency Boards (Like) Regimes' (with Sead Kreso), Conference Paper, Interdisciplinary Management Research VIII, Josip Juraj Strossmayer University of Osijek and Hochschule Pforzheim University, Opatija, Croatia, 2012
  • 'Fiscal Convergence Criteria for EU-EMU Accession: The Example of Bosnia and Herzegovina' (with Lejla Lazović-Pita and Dženan Đonlagić), Conference Paper, International Conference of the School of Economics and Business „Transitional Challenges of EU Integration and Globalization“, University of Sarajevo, Sarajevo, Bosnia and Herzegovina, October 2008

wiiw Publications

wiiw Forecast Reports
  • 'BOSNIA AND HERZEGOVINA: October elections unlikely to bring needed change', Bracing for the Winter, wiiw Forecast Report, No. Autumn 2022, Vienna, October 2022, pp. 68-71
  • 'BOSNIA AND HERZEGOVINA: Local political tensions leave the country in limbo', Overshadowed by War and Sanctions, wiiw Forecast Report, No. Spring 2022, Vienna, April 2022, pp. 45-48
  • 'BOSNIA AND HERZEGOVINA: Recovery transcends 2020 losses', Recovery Beating Expectations, wiiw Forecast Report, No. Autumn 2021, Vienna, October 2021, pp. 38-41
  • 'MONTENEGRO: Tourism pushes GDP up', Recovery Beating Expectations, wiiw Forecast Report, No. Autumn 2021, Vienna, October 2021, pp. 85-88
  • 'BOSNIA AND HERZEGOVINA: Vaccine delays and limited fiscal capacity slow down the recovery', Darkest before the dawn?, wiiw Forecast Report, No. Spring 2021, Vienna, April 2021, pp. 52-55
wiiw Monthly Reports
  • 'Bosnia and Herzegovina: Political turbulence and inflation take their toll on the economy', in: Vasily Astrov and Richard Grieveson (eds), Monthly Report No. 7-8/2022, wiiw Monthly Report, No. 7-8, Vienna, July-August 2022, p. 38
  • 'Bosnia and Herzegovina: Political tensions reach the highest level since the 1990s', in: Vasily Astrov (eds), Monthly Report No. 1/2022, wiiw Monthly Report, No. 1, Vienna, January 2022, p. 46
  • 'Bosnia and Herzegovina: Recovery under way, but concern over sluggish vaccination campaign', in: Vasily Astrov (eds), Monthly Report No. 7-8/2021, wiiw Monthly Report, No. 7-8, Vienna, July-August 2021, p. 30