Republic of Montenegro : Financial System Stability Assessment

1MNEEA2008003 Image
Price:  $18.00

Release Date: © February, 2008
ISBN : 978-1-45182-672-2
Stock #: 1MNEEA2008003
English
Stock Status: On back-order

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Description

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.




More publications in this series: IMF Staff Country Reports