Montenegro: Technical Assistance Report-Macroprudential Policy Framework

Publication Date:

October 19, 2017

Electronic Access:

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Summary:

This Technical Assistance Report discusses technical advice and recommendations given by the IMF mission to the authorities of Montenegro regarding establishment of a macroprudential policy framework. The macroprudential policy mandate should rest with the Central Bank of Montenegro, with enhanced accountability, given its financial stability mandate and systemic risk analytical capacity. The mandate should be explicitly spelled out in a single published document that sets out a policy framework with clear objectives and specific indicators and instruments. Accountability for macroprudential policy decisions should also be strengthened.

Series:

Country Report No. 2017/322

Subject:

English

Publication Date:

October 19, 2017

ISBN/ISSN:

9781484324530/1934-7685

Stock No:

1MNEEA2017003

Pages:

31

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