Razmi, Arslan - In: European journal of comparative economics 19 (2022) 1, pp. 31-61
investigating the case of Montenegro, which is one of the two countries/regions that have unilaterally adopted the euro as the legal … tender. Montenegro's limited monetary policy options make the nature of business cycles important. The evidence presented … here suggests that Montenegro has a low degree of synchronization, limited structural similarity, and weak trade …