BANK OF ALBANIA
The role of statistics in the conduct of monetary policy in Albania
Publication date: 19.08.2003
Sound policies are driven by sound statistical support, specially in the case of transition economies where changes are ongoing and frequent. The same is true for Albania, being a transition country, where maintaining an accurate and reliable database has become a key issue in conducting economic policies.
This paper tries to give an overview of the statistical information available in Albania pointing out main problems with their collection and compilation. Furthermore, it describes the use of the statistics in formulating economic policies in the country, with a focus on monetary policy. A brief history of monetary policy and plans for the future are also described in order to give a full picture of the context in which monetary policy is conducted in Albania.