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Montenegro: Government Structure — Parliamentary Republic, the CBCG, and the Euroization Model
A detailed analysis of Montenegro's governance framework as a parliamentary republic, exploring the constitutional distribution of power, the fiscal framework under the 2007 Constitution, and the unique operations of the Central Bank of Montenegro (CBCG). It highlights how unilateral euroization deprives the central bank of standard monetary policy tools, shifting the entire burden of economic stability to fiscal policy and regulatory oversight.
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