Montenegro: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Montenegro.
May 28, 2010
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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.
Subject: Banking, Commercial banks, Credit, Economic and financial statistics, Government finance statistics, Labor, Monetary statistics, Money, National accounts, Wages
Keywords: authorities of Montenegro, authority, blanket deposit guarantee measure, CR, Credit, deficit, deposit withdrawal, Europe, further labor market reform, Global, Government finance statistics, IMF staff estimate, ISCR, mall, Monetary statistics, priced government service, state guarantee, Wages
Pages:
75
Volume:
2010
DOI:
Issue:
155
Series:
Country Report No. 2010/155
Stock No:
1MNEEA2010001
ISBN:
9781455207916
ISSN:
1934-7685
