文章基本信息

标题：An analysis of the offi cial dollarization regime in Montenegro: theoretical approaches and empirical evidence
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作者：Slobodan Lakić ; Damir Šehović ; Jasmina Ćetković 等
期刊名称：Journal of International Studies
印刷版ISSN：2071-8330
电子版ISSN：2306-3483
出版年度：2016
卷号：9
期号：2
页码：48-64
DOI：10.14254/2071-8330.2016/9-2/3
语种：English
出版社：Centre of Sociological Research, Szczecin, Poland
摘要：Th rough offi cial unilateral dollarization,the economic system of Montenegro faced the records of real costs and benefi ts,which fi nally resulted in economic indicators. Th e absence of sovereignty,i.e. independence of monetary policy and exchange rate policy,decreases monetary factors’ eff ects which are measured by realized macroeconomic performances. Because offi cial dollarization should promote credibility, macroeconomic stability and sustainable growth,it is necessary to make a distinction between monetary regime calculus in Montenegro before initiating crisis structural disorder from the period of the eff ectuation of adverse trends,for the purpose of providing fi nal evaluation of the functioning of dollarized economy. Empirical research conducted to show the eff ects of the offi cial dollarization in Montenegro explicitly emphasized the specifi c weight of costs and benefi ts,suggesting that achieved macroeconomic performances are not exclusively the result of monetary regime functioning.
关键词：Dollarization/euroization;monetary regime;monetary aggregates;interest rates;seigniorage;monetary sovereignty;monetary approach to the balance of payments.