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Europe > Montenegro

You are looking at 1 - 10 of 15 items for :

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Cover IMF Staff Country Reports
Montenegro: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro
International Monetary Fund. European Dept.
COVID-19 hit the economy hard, but a strong recovery is underway. Public debt, already elevated before the pandemic, has increased further. The government has embarked on a reform program ‘Europe Now’, which aims to arrest outward migration through a sharp minimum wage increase, labor tax wedge reduction, and the introduction of a progressive tax code. The financial sector appears to have withstood the COVID-19 shock well.
Keywords:
production GDP estimate; staff growth estimate; authorities' baseline scenario; Montenegrin authority; taxation regime; Government debt management; Labor taxes; Europe; Global
Cover Regional Economic Outlook, October 2020, Europe
Regional Economic Outlook, October 2020, Europe
Whatever It Takes: Europe’s Response to COVID-19
International Monetary Fund. European Dept.

Abstract

The COVID-19 pandemic has caused dramatic loss of human life and major damage to the European economy, but thanks to an exceptionally strong policy response, potentially devastating outcomes have been avoided.

Keywords:
lockdowns; pandemic; corporate liquidity; recovery; reopening; economic outlook; forecasting; REO; policy support; infection curve; job retention program; Europe transform; financial market disruption; pandemic economy; solvency risks in Europe; time trend; reopening indices; infection incidence; reinfection risk; infection rate; credit access; containment policy; COVID-19; Liquidity; Solvency; Infrastructure; Europe; Global
Cover Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Bank Policies and Instruments
Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Bank Policies and Instruments
International Monetary Fund

Abstract

Proceedings of a conference co-hosted by the Bank of Albania and the International Monetary Fund in May 2017.

Keywords:
SEM; interest rate; euro; central bank; rate; bank; interest rate differential; interest rate environment; ECB monetary policy; FX reserve; risk-taking channel; Currencies; Negative interest rates; Financial sector stability; Exchange rates; Central bank policy rate; Global; Europe; Western Europe; Eastern Europe; Baltics; ECB monetary policy implementation framework; International reserves
Cover IMF Staff Country Reports
Montenegro: Financial Sector Assessment Program-Banking Sector Stress Testing-Technical Note
International Monetary Fund. Monetary and Capital Markets Department
The main objective of this technical note is to assess bank’s balance sheet and profits, solvency stress test, and liquidity stress test. The financial system in Montenegro is dominated by the banking sector. By the end of 2014, 12 licensed banks operated in Montenegro, with total banking sector assets amounting to 3.1 billion euros or 88 percent of total financial system assets and 92 percent of GDP. The stress-testing exercise is aimed to test the banking system’s resilience to extreme but plausible shocks. The stress test is a tool to assess the vulnerabilities of the banking system that may expose it to risks.
Keywords:
ISCR; CR; bank; capital adequacy ratio; capital; loan; capital shortfall; parent bank funding; ratio projection; Montenegro bank; bank portfolio; a number of bank; bank failure; EU bank; exposure loss; percentage share; bank network analysis; return on assets; Commercial banks; Loans; Credit; Nonperforming loans; Stress testing; Global
Cover IMF Staff Country Reports
Montenegro: Financial System Stability Assessment
International Monetary Fund. Monetary and Capital Markets Department
This paper focuses on the important issues of Montenegro economy which are as follows: microfinancial setting, financial system resilience, financial oversight, resolution of nonperforming loans, and financial safety nets. Montenegro is still dealing with the aftermath of the collapse of the lending boom in 2008. Economic momentum has accelerated in 2015, but there are numerous downside risks. System-wide solvency and liquidity indicators appear broadly sound, but significant pockets of vulnerabilities exist among domestically owned banks. Decisive action to deal with weak banks is critical for preserving financial stability. While the legal, regulatory, and supervisory frameworks for banking and insurance sector have markedly improved since 2006 Financial Sector Assessment Program, further progress is required.
Keywords:
ISCR; CR; bank; asset; bridge bank; funding; resolution planning; camel rating; liquidity contingency plans; CBM payment system; CBM-managed payment; CBM oversight function; relationship management; camel-rated bank; a number of bank; private sector; excessive risk aversion; bank relationship management; Nonperforming loans; Commercial banks; Liquidity; Credit; Global
Cover IMF Staff Country Reports
Montenegro: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.
International Monetary Fund
This 2010 Article IV Consultation highlights that Montenegro has been hard hit by the global financial crisis. Contagion and concerns about the robustness of the banking system have triggered large deposit withdrawals and a credit crunch. Moreover, the unwinding of the real estate boom has generated strong negative wealth effects that depressed demand. The authorities have taken wide-ranging measures to stabilize the financial system and rekindle lending activity. Foreign parents have also stepped in with substantial liquidity infusion.
Keywords:
ISCR; CR; deficit; authority; mall; authorities of Montenegro; priced government service; IMF staff estimate; blanket deposit guarantee measure; further labor market reform; state guarantee; deposit withdrawal; Credit; Wages; Government finance statistics; Monetary statistics; Global; Europe
Cover Summary Proceedings of the Sixty-First Annual Meeting of the Board of Governors, 2007
Summary Proceedings of the Sixty-First Annual Meeting of the Board of Governors, 2007
International Monetary Fund

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Keywords:
AS; Rodrigo de Rato; y Figaredo; country; economy; la Barra Munoz; executive directors; IMF surveillance; board of governors of the International Monetary Fund; subscription of the Republic of Montenegro; public goods; Climate change; Poverty reduction; Poverty reduction and development; Income; Global; Africa; Caribbean; Sub-Saharan Africa; West Africa
Cover IMF Staff Country Reports
Republic of Montenegro: Financial System Stability Assessment
International Monetary Fund
Montenegro is undergoing rapid credit growth in the context of heavy foreign bank presence and euro use. However, the rate of credit expansion is testing the limits of banks’ capacity to underwrite loans prudently and maintain adequate buffers. Rapid credit growth is now also posing supervisory challenges, despite relatively strong financial sector regulation and supervision. The recommended policy response is a mix of prudential strengthening required to address risks emanating from rapid credit growth, and measures to address specific vulnerabilities.
Keywords:
ISCR; CR; capital market; banking system; problem bank resolution procedure; risk management practice; state-enterprise deposit placement; financial system; credit risk; liquidity ratio; bank lending; prudential liquidity management; treasury bill; banking sector; adequacy level; bank funding; Credit; Credit risk; Stress testing; Commercial banks; Capital adequacy requirements
Cover IMF Survey
Boletin del FMI Vol.36, No.13 noviembre 2007
International Monetary Fund. External Relations Dept.
Solicitud de fortalecimiento del FMI, Perspectivas de crecimiento mundial, Strauss-Kahn asume como nuevo Director Gerente del FMI, Comunicado del CMFI, Globalización, Ciclo económico mundial, flujos de capital, Seminarios durante las Reuniones Anuales, Perspectivas de la economía asiática, Perspectivas de economía africana, Notas breves.
Keywords:
SV; IMF publication service; economy; market; IMF study
Cover IMF Survey
IMF Survey, Volume 36 Issue 13
International Monetary Fund. External Relations Dept.
Calls for stronger IMF, World Growth Outlook, Strauss-Kahn Takes Over as New IMF Head, IMFC Communique, Globalization, Global Business Cycle, Capital Flows, Annual Meetings Seminars, Asian Economic Outlook, African Economic Outlook, News Briefs.
Keywords:
SV; IMF publication service; economy; market; IMF study; IMF survey; trade globalization; FDI inflow; Emerging and frontier financial markets; Capital inflows; Climate change; Income inequality; Personal income; Global; Asia and Pacific; Sub-Saharan Africa; Africa