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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 6, Number 1

Νikolaos A. Kyriazis, Emmanouil M.L. Economou
The Relation of Brexit with the UK’s QE Decisions and its Impact on the Eurozone

Bojana Femić-Radosavović, Milorad Jovović
Loyalty, Investment Model and New Media -
A Correlation Study in Banking Services in Montenegro

Radoica Luburić
Strengthening the Three Lines of Defence in Terms of More Efficient Operational Risk Management in Central Banks

Borivoje D. Krušković
Exchange Rate and Interest Rate in the Monetary Policy Reaction Function

Mirna Dumičić
A Brief Introduction to the World of Macroprudential Policy

Ombir Singh, Sanjeev Bansal
An Analysis of Revenue Maximising Efficiency of Public Sector Banks in the Post-Reforms Period

Zeljko Rutovic
The Financial-Economic Aspect of the Media and the Public Service in the Globalization Era (Budget and Ownership Framework)

Olivera Živković, Predrag Bjelić
An Analysis of International Trade of Montenegro Using Statistics on the Operations of Transnational Corporations’ Affiliates

Milutin Ješić
BOOK REVIEW: „Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and its Applications“, Princeton University Press, Second Edition, 2015, by Jordi Galí





































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