Montenegro: Technical Assistance Report-Macroprudential Policy Framework

October 19, 2017

Preview Citation

Format: Chicago

Montenegro: Technical Assistance Report-Macroprudential Policy Framework, (USA: International Monetary Fund, 2017) accessed November 21, 2024

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.

Subject: Banking, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Macroprudential policy, Systemic risk, Systemic risk assessment

Keywords: Assessment of the outlook, Bank supervisor, Bank-centric financial system, CBM Policy tool, CBM staff, CBM's FSR, CR, Crisis simulation exercise, Financial sector stability, Global, ISCR, Lending standard, Macroprudential policy, Macroprudential policy strategy, Systemic risk, Systemic risk assessment

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/322
Stock No:

1MNEEA2017003
ISBN:

9781484324530
ISSN:

1934-7685

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