IMF Staff Country Reports

Republic of Montenegro: Selected Issues

Publication Date:

February 4, 2008

Electronic Access:

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Summary:

Euroization has served Montenegro well by anchoring inflation expectations, and shifted the burden of adjustment to fiscal and structural policies. The paper looks at trends and how developments in the tourism industry have contributed to the shaping of the economy. The lack of monetary and exchange rate policies in Montenegro puts a premium on a well-designed and appropriate fiscal policy. This paper has presented a dynamic analysis of the structure of the banking sector of Central and Eastern European countries.

Series:

Country Report No. 2008/049

Subject:

Balance of payments Commercial banks Credit Current account deficits Financial institutions Fiscal policy Fiscal stance Public debt