01752cas a2200241 a 4500 AALejournalIMF009829 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451826708 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Montenegro : 2007 Article IV Consultation; Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic of Montenegro. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (62 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The economic expansion in Montenegro is proceeding at full strength. The economy is overheating. Rapid credit growth is overstretching banks, and has contributed to ballooning asset prices. Eroding competitiveness is a concern. Management of the boom falls on fiscal policy. Tax cuts have been procyclical and potentially destabilizing. Fiscal risks need to be contained. The main focus of credit policy should be to strengthen banking sector supervision. Completing the transition to a market economy should be kept at the top of the policy agenda. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/048 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/048/002.2008.issue-048-en.xml IMF e-Library