Karl Ritter Stefanowski and his work on the development of modern banking in Austro-Hungarian Bosnia and Hercegovina

After the fall of Bosnia and Herzegovina under Austria-Hungary in 1878, the new government soon began to form its administration. Bosnia and Herzegovina lacked both the staff and modern institutions required for the progress of modern agriculture and business. One of the fundamental preconditions for this progress, capital, was not institutionally and practically developed. The new administration in an attempt to make progress brought in specialists from Austria-Hungary to study conditions and propose improvements. One of the specialists was Karl Stefanowski. He spent most of his working life employed in state administration in Bosnia and Herzegovina. In 1886, he was commissioned by the common minister of finance Benjamin Kallay to make a study concerning the state of credit operations and the possibility of improving the conditions in this area. This paper deals primarily with this study and its effect on Bosnian credit operations.Nakon pada Bosne i Hercegovine pod Austro-Ugarsku, nova vlast je ubrzo pristupila formiranju svoje administracije. Bosni i Hercegovini je falilo kadra neophodnog za napredak u sferi poljoprivrede i poduzetništva. Jedan od temeljnih preduslova za taj napredak, kapital, nije bio institucionalno i u praksi razvijen. Pokušavajući da ostvari napredak, austrougarska administracija dovela je stručnjake iz Monarhije poput Karla Stefanowskog. Veći dio svog radnog vijeka on je proveo u Bosni i Hercegovini. Tokom 1886. bio je zadužen od strane zajedničkog ministra finansija Benjamina Kallaya da izradi studiju koja će analizirati stanje kredita u zemlji i predložiti mjere za njegovo ozdravljenje. Ovaj rad se bavi tim elaboratom i njegovim efektom na razvoj bosanskohercegovačkog kreditnog poslovanja