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Journal of Central Banking Theory and Practice

Print edition ISSN 1800-9581
Web edition ISSN 2336-9205

About this Journal

The Journal of Central Banking Theory and Practice is a scientific and professional journal that the Central Bank of Montenegro publishes thrice a year. The journal has been published since 2012. The most stringent international standards are followed in the publication of papers and reviews which imply “double-blind” review.

This is an open access journal which means that all content is freely available without charge to the user or his/her institution. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission from the publisher or the author. This is in accordance with the BOAI definition of open access. 

In order to ensure high ethical standards, the Journal of Central Banking Theory and Practice adheres to the basic ethical requirements for scientific publications established by the Committee on Publication Ethics (COPE). Authors and Reviewers are expected to observe the principles and guidelines of ethical conduct of the Committee on Publication Ethics.
All potential authors are invited to submit their papers in line with the Guideline for Authors.

    About this Journal


    Author Guidelines


    Editorial Board


    Current issue




Starting from the Volume 3, Number 1,
electronic publishing is provided by the De Gruyter Open

Current issue
Volume 7, Number 1

Miomir Jakšić, Milica Jakšić
Inclusive Institutions for Sustainable Economic Development

Milijana Novović Burić, Vladimir Kašćelan, Milivoje Radović, Ana Lalević Filipović
Mechanisms of Protection from Interest Rate Risk with Reference to the Life Insurance Market in Montenegro

Kristin Berthold, Georg Stadtmann
Who put the Holes in the Swiss Cheese? Currency Crisis Under Appreciation Pressure

Milenko Popović
Technological Progress, Globalization, and Secular Stagnation

Brian Muyambiri, Prof NM Odhiambo
South Africa’s Financial Development and its Role in Investment

Mirna Dumičić, Igor Ljubaj
Delayed Credit Recovery in Croatia: Supply or Demand Driven?

Tamara Bašić Vasiljev
Estimated DSGE Model for Monetary and Fiscal Polic Coordination Analysis – The Case of Serbia

Umurcan Polat
Divisia and Simple Sum Monetary Aggregates: Any Empirical Relevance for Turkey?

Mohammad Abdolshah, Seyed Amir Mohammad Khatibi, Mostafa Moghimi
Factors Influencing Job Satisfaction of Banking Sector Employees




































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