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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 5, Number 3

Indranarain Ramlall
Does Central Bank Quality Determine Sovereign Ratings and Credit Default Swap Spreads: Evidence from the World?

Timothy J. Haase
Financial Constraints and the Response of Business Investment to Monetary Policy Shocks

Kiril Postolov, Ivan Milenkovic, Dragana Milenkovic, Aleksandra Janeska Iliev
Influence of Market Values of Enterprise on Objectivity of the Altman Z-Model in the Period 2006-2012: Case of the Republic of Macedonia and Republic of Serbia

Magdalena Petrovska, Aneta Krstevska, Nikola Naumovski
Forecasting Macedonian Business Cycle Turning Points Using Qual Var Model

Milena Vučinić
Importance of Macroprudential Policy Implementation for Safeguarding Financial Stability

Radislav Jovovic, Elvis Lekic, Miroslav Jovovic
Monitoring the Quality of Services in Electronic Banking

Srđa Božović
Affirmation of the Legal Status of Taxpayers in Montenegro

Marko Tomljanović, Zoran Grubišić
Investment in Research and Development - A Factor of Adjustment of Montenegro to the EU Economy

Ahmad-Reza Jalali Naini, Mohammad-Amin Naderian
Over-reaction to Policy Signals, and Central Bank Optimal Communication Policy





































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