Friday seminars

This seminar invites the Bank of Albania employees, domestic and foreign researchers from academia and other financial, research and scientific institutions to present and discuss their theoretical and empirical research work. 

The duration of each session is 60-90 minutes and each author is given around 30-40 minutes to present the paper. The remaining time is reserved for questions and comments.

08.02.2019 Lorena Skufi, Eglent Kika  (Monetary Policy Department, Bank of Albania) Price formation in the Albanian economy - a macromodel approach
15.02.2019 Enian Çela, Iris Metani, Evelina Çeliku (Monetary Policy Department, Bank of Albania) Analysis and structural developments of the Albanian economy: Approach by social accounting matrices
22.02.2019 Gerti Shijaku  (Reseach Department, Bank of Albania) Bank  prudential  behaviour.  A statistical  assessment based on an alternative new  index estimated by the principal component analysis approach
07.03.2019 Bledar Hoda (Reseach Department, Bank of Albania) Virtual currencies, technological innovation and central banking
21.03.2019 Altin Tanku, Ilir Vika  (Reseach Department, Bank of Albania)  What drives the lek-euro exchange rate?

24.01.2018 Bledar Hoda (Reseach Department, Bank of Albania) Banks and Firms Net Worth on Borrowing Cost:  What  do  the  data suggest?
09.03.2018 Elona Dushku, Kliti Ceca (Reseach Department, Bank of Albania) Agricultural enterprises in Albania 
and their funding
16.03.2018  Elona Dushku, Kliti Ceca (Reseach Department, Bank of Albania) Use of external financing by micro enterprises (1-4 employees) in Albania
06.07.2018 Dr. Ilir Miteza, Deputy Dean for "Graduate, Global and Digital Education" at the University of Michigan Dearborn. The unconventional normal: monetary policy innovations, challenges, and dilemmas

 

 

 

19.01.2017 Andrea Neri, Concetta Rondinelli, Filippo Scoccianti (Bank of Italy) Household spending out of a tax rebate: The Italian 80 euro bonus
10.02.2017 Meri Papavangjeli, Arlind Rama (Reseach Department, Bank of Albania) Evaluation of forecasting performance: of the GAP model
21.04.2017 Margherita Bottero (Advisor at the Economics and Statistics Department, Bank of Italy) Simone Lenzu (University of Chicago, Chicago, IL. USA) Filippo Mezzanotti (Kellogg School of Management, Northwestern University, Evanston, IL. USA) Sovereign debt exposure and the bank lending channel: impact on credit supply and the real economy.
23.06.2017 Wanda Cornacchia (Advisor at Financial Stability Analysis and Coordination Division,
Financial Stability Directorate, Bank of Italy)
Assessing financial stability risks arising from the real estate market in Italy
30.06.2017 Daniela Markoni (Senior Advisor, Emerging Economies and World Trade Division, Bank of Italy) Assessing potential growth in emerging countries after the global financial crisis
25.08.2017 Marco Taboga (Head of the Financial markets Unit, Economics and Statistics Department), Bank of Italy Understanding policy rates at the zero lower bound: insights from a Bayesian shadow rate model
22.09.2017 Gerti Shijaku (Reseach Department, Bank of Albania) Does bank competition affect stability in banking system after global financial crises
24.12.2017 Bledar Hoda (Bank of Albania) Banking and Firm Financial Health Influence on Borrowing Cost: What do the data suggest?

08.04.2016 Evelina Çeliku, Enian Çela, Iris Metani (Monetary Policy Department) Endrit Yzeiraj (Reseach Department) Bank of Albania Potential output and growth; Output and unemployment gaps in the case of Albania – comparative analysis of recent estimations
20.05.2016 Gerti Shijaku (Reseach Department, Bank of Albania) Does primary sovereignty risk matter for bank stability: Evidence from Albanian banking system
17.10.2016 Neraida Hoxhaj (Financial Statistics Department, Bank of Albania) Differences between balance of payments and foreign trade statistics
16.11.2016 Gerti Shijaku (Reseach Department, Bank of Albania) Bank concentration and Stability – the case of Albanian banking system
25.11.2016 Iftekhar Hasan (Professor of Finance and Corrigan Chair at Gabelli Business School at Fordham University in New York. Scientific Adviser at the Central Bank of Finland and Chief Editor in Financial Stability Magazine, Elseiver) Financial Contracts: Banks versus Banks
27.12.2016 Ilir Vika (Reseach Department, Bank of Albania) Blerina Vika, Kozeta Sevrani (Faculty of Economics, University of Tirana) Use of artificial neural networks to forecast the exchange rate
29.12.2016 Refika Allkurti (Fejzo) (Financial Statistics Department, Bank of Albania) Methodology of financial accounts
   

23.01.2015 Meri Papavangjeli (Reseach Department, Bank of Albania) Impact of macroeconomic factors on credit risk: Albanian case (2000-2014)
30.01.2015 Elvis Ponari (Regional representative of “UNIQA Insurance Group AG") Developments in the European financial markets and in the investment portfolio of insurance companies in Albania compared to Austria
06.03.2015 Anjeza Jahaj, Iris Metani (Monetary Policy Department, Bank of Albania) Fiscal sustainability and assessment of fiscal vulnerabilities in Albania
20.03.2015 Evelina Çeliku, Genti Hashorva, Merita Toska (Monetary Policy Department, Bank of Albania) Inflationary expectations in Albania: Rational or not? - Assessment of the observations
23.09.2015 Altin Tanku, Kliti Ceca, Elona Dushku (Reseach Department, Bank of Albania) The efficiency of banks’ credit portfolio allocation: An application of Kernel Density estimation on a panel of Albanian banking system data
26.10.2015 Gerti Shijaku (Reseach Department, Bank of Albania) The macroeconomic pass-through effects of Monetary Policy through sign restrictions approach: The case of Albania
13.11.2015 Arlind Rama (Reseach Department, Bank of Albania) Investigating Financial Development – Economic growth nexus. A Southeastern Europe perspective
  Endrit Yzeiraj (Reseach Department, Bank of Albania) Financial sector development and economic growth
  Alban Pllaha (Reseach Department, Bank of Albania) The EU-Albania Stabilization and Association Agreement

14.02.2014 Eda Dokle (Winner of the Governor's Award for the Best Diploma Thesis 2013. Master in Economics and Finance, Charles University, Prague) Inflation targeting in a dollarized economy
28.02.2014 Gerti Shijaku (Reseach Department, Bank of Albania) Foreign Currency Lending in Albania
19.03.2014 Ilir Vika, Enian Çela (Reseach Department, Bank of Albania) GDP, consumption components and deflators: Extrapolation and quarterly interpolation
04.04.2014 Ada Huibregtse (PH.D, Professor at New York University in Tirana) External Intervention in Ethnic Conflict
02.05.2014 Endrit Yzeiraj (Reseach Department, Bank of Albania) House Prices in Albania: Deviations from an Equilibrium?
07.07.2014 Matthias Morys (Professor of economics at New York University in Tirana) The emergence of a European region: Business cycles in South-East Europe from political independence to World War II
10.10.2014 Eglent Kika (Monetary Policy Department, Bank of Albania) Quo vadis Albania? Real Convergence to the EU Member States
22.10.2014 Lars E.O. SVENSSON (Professor at the Stockholm School of Economics) Modern monetary policy
07.11.2014 Enian Çela, Lorena Skufi (Reseach Department, Bank of Albania) Natural unemployment rate. A reduced-form approach
20.11.2014 Margerita Topalli (Reseach Department, Bank of Albania) The impact of economic transition on the enterprises in CEE: Co-Word Analysis

25.01.2013 Gerti Shijaku (Reseach Department, Bank of Albania) Fiscal sustainability in European Union and potential candidate countries
08.02.2013 Endrit Yzeiraj (Reseach Department, Bank of Albania) Synchronization of Business Cycle: A measuremet of integration for Eastern European Countries
22.02.2013 Bledar Hoda (Reseach Department, Bank of Albania) The impact of stochastic trend on economic fluctuations in Albania
05.04.2013 Alban Pllaha (Reseach Department, Bank of Albania) J-curve effect. The effect of exchange rate on bilateral trade balance between Albania and its main trade partners
16.04.2013 Elona Dushku (Reseach Department, Bank of Albania) A financial model for Albania: A panel data approach
03.05.2013 Branko Uroševic (Bank of Serbia) Globalization, Exchange Rate Regimes and Financial Contagion
20.05.2013 Drini Imami (Agricultural University of Tirana), Endrit Lami (Unversity of Tirana) On other aspects regarding PBC (Political Business Cycles): Political Business Cycles and Expectations
07.06.2013 Gerti Shijaku (Reseach Department, Bank of Albania) The role of money as an important pillar for monetary policy: Case of Albania
21.06.2013 Evelina Çeliku, Gent Hashorva (Monetary Policy Department, Bank of Albania) Performance of inflation forecast and monetary policy decision-making during 2011-2012
28.06.2013 Kliti Ceca, Borana Haxhimusaj
(Reseach Department )
Arlinda Koleniço, Egnis Isaku
(Foreign Relations, European Integration and Communication Department)
Bank of Albania
Financial literacy in Albania: Survey results on measuring the financial literacy of the population, 2011
26.09.2013 Bledar Hoda (Reseach Department, Bank of Albania) The impact of nominal shocks on business cycles and on the trend of economic growth
04.10.2013 Grid Thoma (Assistant Professor of Economics and Management, Camerino University, Macerata, Italy) Financing innovation and innovation in finance
11.10.2013 Elisa Pazaj (Monetary Operations Department, Bank of Albania) Bidding behavior in albanian treasury auctions
25.10.2013 Dritan Fino Lecturer at University "Marin Barleti", Tirana Applicability of International Financial Reporting Standards in developing countries - the case of Albania
08.11.2013 Lorena Skufi, Enian Çela (Reseach Department, Bank of Albania) Imported inflation of consumer goods and its contribution to the national inflation
19.12.2013 Margerita Topalli (Reseach Department, Bank of Albania) How to write and assess an academic article
   

  AltinTanku, Elona Dushku, Kliti Ceca (Reseach Department, Bank of Albania) Empirical investigation of forecast uncertainty with Monte Carlo simulation
  Gerti Shijaku (Reseach Department, Bank of Albania), Arlind Gjokuta (Monetary Operations Department, Bank of Albania) Fiscal policy and economic growth: The Albanian case
  Erjona Suljoti, Gent Hashorva (Monetary Policy Department, Bank of Albania) House prices and mortgage loan in Albania
  Irini Kalluci (Reseach Department, Bank of Albania) Credit behaviour in Albania: A sign of convergence or a deviation from its long-term trend?
  Bora Angjeli (Winner of first place of Governor Award for Best Diploma Thesis 2011) Pension systems
  Stefan Laséen, Dan Nyberg, Ingvar Strid
(Central Bank of Sweden)
The use of models in the monetary policy proces
  Esida Abazaj (Reseach Department, Bank of Albania) Fiscal behaviour and yield curve in Albania
  Irini Kalluci, Oriela Kodra, Kliti Ceca
(Reseach Department),
Arzana Haxhiaj
(Human Resources Department),
Lindita Shehi, Besjana Bregasi
(Supervision Department)
Bank of Albania
Corporate governance in the Albanian banking system: Survey analysis on the corporate governance in the Albanian banking 2011)
  Kliti Ceca, Alban Pllaha (Reseach Department, Bank of Albania) Valentina Semi (Departamenti i Sistemeve të Pagesave, Banka e Shqipërisë) Payment instruments as perceived by Albanian consumers – A public survey
  Olti Mitre (Monetary Policy Department, Bank of Albania) Performance of exports of goods of Albania during the period 2005-2011
  Ermelinda Kristo dhe Delina Ibrahimaj
(Monetary Policy Department, Bank of Albania)
Construction of a composite leading indicator for Albania
28.09.2012 Gerti Shijaku (Reseach Department), Irini Kalluci (Supervision Department) Bank of Albania Determinants of Bank Credit to Private Sector: Case of Albania
18.10.2012 Kliti Ceca, Alban Pllaha (Reseach Department), Valentina Semi (Payment Systems Department) Bank of Albania Survey report on the use of payment instruments – businesses, February-March 2012
29.10.2012 Enian Çela (Reseach Department, Bank of Albania) Determining the effectiveness of the Danish packaging tax policy: The case of paper and paperboard packaging imports
09.11.2012 Bledar Hoda (Reseach Department, Bank of Albania) Role of exchange rates in international trade models: Does the Marshall-Lerner Condition stand for Albania?
07.12.2012 Enkela Gaçaj (Reseach Department, Bank of Albania) Greek economic crisis and its impact in Albania

Saverio Simonelli (The University of Naples Federico II, Italy) Mafia and public spending: evidence on the fiscal multiplier from a quasi-experiment
Jonel Kristo (Reseach Department, Bank of Albania) Growth effects of international integration in south-eastern Europe – Implications on FDI and trade
Lorena Skufi (Winner of first Governor's Award for the Best Diploma Thesis 2010) Development of sustainable tourism: An empirical approach for Albania
Armando Memushi (Faculty of Economics, University of Tirana) Conspicuous consumption: The effects of social influences on firms’ demand, price and earnings: Conspicuous consumption in Albania
Ilir Vika (Reseach Department, Bank of Albania) Current account deficit in Albania and political implications
Jonel Kristo (Reseach Department, Bank of Albania) Evaluating the tourism-led economic growth in Albania
Esida Abazaj (Reseach Department, Bank of Albania) Macroeconomic determinants of remittances: The case of Albania
Nga Kliti Ceca, Irini Kalluci, Oriela Kodra
(Reseach Department),
Vasilika Kota
(Financial Stability Department),
Arzana Haxhiaj (Human Resources Department)
Bank of Albania
Corporate governance in the Albanian banking system – Survey analysis on the corporate governance of the Albanian banking system
Drini Imami, Endrit Lame (Agriculture University of Tirana),
Holger Kächelein (Faculty of Economics, Tirana)
Political cycles in privatization earnings: The case of Albania
Gerti Shijaku (Reseach Department, Bank of Albania) Optimal level of reserve holdings: An empirical investigation in the case of Albania
Franco Bruni
Professor, University of Bocconi, Milan
After the crisis, new strategies for the European monetary policy and its management
Ismail Beka
Vice Director of GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit)
Can the small agricultural economy of Albania compete amid regional and European agricultural market competition
Evis Kopliku
Third prize winner of Governor’s Award for the Best Diploma of year 2010
The impact of global financial crisis on the economies of south-eastern Europe
Endrit Yzeiraj (Reseach Department, Bank of Albania) The impact of trade on growth: A gravity model-based instrument approach on postcommunist Europe
Bledar Hoda (Reseach Department, Bank of Albania) Equilibrium exchange rate in a developing economy
Gerti Shijaku (Reseach Department, Bank of Albania) Sustainability of fiscal policy: The case of Albania
Oriela Kodra, Irini Kalluci (Reseach Department, Bank of Albania) How is financial performance of banks in Albania influenced by sound corporate governance
Alban Pllaha (Reseach Department, Bank of Albania) Free trade agreements and trade integration among South Eastern European countries: Gravity model estimations
Vasilika Kota, Arisa Saqe (Financial Stability Department, Bank of Albania) A financial system stress index for Albania

Oriela Kodra (Reseach Department, Bank of Albania) Monetary and financial conditions index: The case of Albania
Dilara Das (PhD, University of Southern Illinois) An investigation of the effects of exchange rate volatility on exports in East Asia
Erjon Luçi (The World Bank), Ilir Vika (Reseach Department, Bank of Albania) The equilibrium of the real Lek-Euro exchange rate: How far from equilibrium?
Doris Ritzberger-Gruenwald, Helmut Stix, Thomas Scheiber
(Research Sector, Bank of Austria)
The use of the Euro in Central, Eastern and Southeastern Europe: Extent, causes and impacts of the Global Financial Crisis
Oliver Deasy (EU CARD program representative in Albania) The institutional model of socio-economic development: The role of education and training and related issues
Krishna Kamath
(Economist at the Finance Department of the Wharton School of Business)
Match – making and rent – seeking: An empirical analysis of mergers of Venture – Backed Companies
Arjan Kadareja
(Member of the Supervisory Council of the Bank of Albania)
Bank credit and GDP
Kliti Ceca (Reseach Department) Hilda Shijaku
(Financial Stability Department) Bank of Albania
Stress-testing on indirect credit risk in Albania, based on banks’ characteristics
Sonila Biçaku
(Representative of IFC (International Finance CooperationEurope and Central Asia))
Corporate governance in banks: Why is it important and peculiar? What does it mean?
Alban Pllaha (Reseach Department, Bank of Albania) Stabilization and Association Agreement with EU, trade integration and its economic implications
Armela Mançellari (Reseach Department, Bank of Albania) Macroeconomic effects of fiscal policy in Albania: The SVAR approach
Oriela Kodra, Irini Kalluci (Reseach Department, Bank of Albania) The key macroeconomic factors defining credit risk: The case of Albania
Evelina Çeliku, Iris Metani
(Monetary Policy Department, Bank of Albania)
The competitive position of the Albanian economy in terms of productivity and labour cost

Irini Kalluci (Reseach Department, Bank of Albania) Determinants of net interest margin in the Albanian Banking System
Drini Imami, Endrit Lame (Agriculture University of Tirana),
Holger Kächelein (Faculty of Economics, Tirana)
A New View into Political Business Cycles: Household Expenditures in Albania
Nicolaas de Zwager (NEXUS), Ilir Gëdeshi (CESS) DEVINPRO – Consortium Members with Key Findings and Headline Figures related to the Quantitative Surveys of Migrants and Migrants’ Households
Elona Dushku (Reseach Department, Bank of Albania) Financial Development and Economic Growth: The Albanian Case
Altin Tanku, Risan Shllaku (Reseach Department, Bank of Albania) Feasibility of Inflation Targeting in the Case of Albania
Ilir Vika (Reseach Department, Bank of Albania) Assessing Motives Behind Bank of Albania’s Purchase Interventions in the Foreign Exchange Market
Vasil Zaho
(Winner of Governor’s Award for the Best Diploma Thesis 2008)
Efficiency and productivity growth of Albanian Banks
Murat Karagoz (Professor at Epoka University) Reflections on the late 2000 Recession
Arjan Kadareja
(Member of the Supervisory Council of the Bank of Albania)
Financial and Real Variables for Euro Area Countries with International Linkages. A Global VAR Approach
Elona Dushku (Reseach Department, Bank of Albania) Gap model
Irini Kalluci (Reseach Department, Bank of Albania) Analysis of the Albanian Banking System from the risk-performance viewpoint
Ilir Vika (Reseach Department, Bank of Albania) Measuring the ALL Exchange Rate Equilibrium
Didar Erdinç (Faculty member at the American University of Bulgaria) Does high crediting increase banking system fragility? Transition challenges in the Bulgarian banking sector for the period 1997-2007
Lorina Green, Rezart Erindi
(Monetary Operations Department, Bank of Albania)
“Using KMV-Merton model to forecast the likelihood of default of firms when paying off their outstanding debt.”
Rezart Erindi, Valbona Luga
(Monetary Operations Department, Bank of Albania)
“Choosing a strategic benchmark: theoretical and practical aspects.”
Armela Mançellari (Reseach Department, Bank of Albania) “Short term evaluation of real GDP.”
Zoltan Jakab
( Director of Macroeconomic Analysis in the Office of Fiscal Counseling of the Republic of Hungary)
“Does the fiscal multiplier exist? Fiscal and monetary reactions, confidence and fiscal multipliers in Hungary.”
Evelina Çeliku, Ermelinda Kristo, Merita Boka
(Monetary Policy Department, Bank of Albania)
“Modeling quarterly GDP - the role of economic indicators and observations”

Arta Pisha (Financial Statistics Department, Bank of Albania) Euro Area indices: A new model for measuring central bank independence in the Euro Area