Montenegro Financial System Stability Assessment

This paper focuses on the important issues of Montenegro economy which are as follows: microfinancial setting, financial system resilience, financial oversight, resolution of nonperforming loans, and financial safety nets. Montenegro is still dealing with the aftermath of the collapse of the lending...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Montenegro 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Economics 
653 |a Credit 
653 |a Commercial banks 
653 |a Banks 
653 |a Finance 
653 |a Bank resolution framework 
653 |a Financial crises 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Crisis management 
653 |a Mortgages 
653 |a Asset and liability management 
653 |a Nonperforming loans 
653 |a Money 
653 |a Liquidity 
653 |a Loans 
653 |a Banks and Banking 
653 |a Banking 
653 |a Financial Risk Management 
653 |a Money and Monetary Policy 
653 |a Portfolio Choice 
653 |a Finance: General 
653 |a Investment Decisions 
653 |a Financial Crises 
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520 |a This paper focuses on the important issues of Montenegro economy which are as follows: microfinancial setting, financial system resilience, financial oversight, resolution of nonperforming loans, and financial safety nets. Montenegro is still dealing with the aftermath of the collapse of the lending boom in 2008. Economic momentum has accelerated in 2015, but there are numerous downside risks. System-wide solvency and liquidity indicators appear broadly sound, but significant pockets of vulnerabilities exist among domestically owned banks. Decisive action to deal with weak banks is critical for preserving financial stability. While the legal, regulatory, and supervisory frameworks for banking and insurance sector have markedly improved since 2006 Financial Sector Assessment Program, further progress is required