Cover IMF Staff Country Reports
Buy Book in Print
Montenegro: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 155
Language:
English
Publication Date:
28 May 2010
DOI:
https://doi.org/10.5089/9781455207916.002
ISBN:
9781455207916
ISSN:
1934-7685
Pages:
75
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
Download PDF (3.5 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund