Republic of Montenegro: Selected Issues
Volume/Issue:
Volume 2008
Issue 049
Publication date: February 2008
ISBN: 9781451826715
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , Montenegro , tourism , fiscal policy , tourism sector , debt target , CEE country , tourism industry , tourism enclave , tourism activity , FDI inflow , competitor tourism country , Commercial banks , Fiscal stance , Current account deficits , Global , Western Europe , Eastern Europe , Baltics
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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.
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