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Publications published in 2009

Here you can find all publications published during 2009 and listed in a chronological order.


The overall balance of payments for the second quarter of 2009 resulted with a growth of foreign assets by EUR 44 million. The third quarter of year ended with a current account deficit of EUR 331 million. The deficit is deepened to about EUR 100 million from EUR 231 million, rel...
Published by Balance of Payments and Surveys Division on 31.12.2009
Statistical Report - October 2009 (Zip File)...
Published by Statistics Department on 18.12.2009
Statistical Report - September 2009 (Zip File)...
Published by Statistics Department on 18.11.2009
Bank lending survey results show that the lending standards remained tight in the third quarter of 2009, although at a lower level than in the previous quarter. The majority of surveyed banks report that they kept their lending standards unchanged -both for business and household...
Published by Monetary Policy Department on 16.11.2009
The third quarter of 2009 witnessed positive signs in the Albanian economy and financial markets. It particularly marked a turning point in terms of restoring confidence in the Albanian banking system. The stable liquidity situation, the preservation of financial stability and th...
Published by Monetary Policy Department on 05.11.2009
Statistical Report - August 2009 (Zip File)...
Published by Statistics Department on 16.10.2009
Quarterly Bulletin outlines economic trends in the area of real sector and prices, analyzes developments in the Albanian economy during the second semester of 2007, and furnish information on main activities of the Bank of Albania during the secon quarter of 2009.......
Published by Bank of Albania on 29.09.2009
The overall balance of payments for the second quarter of 2009 ended with a growth of foreign assets at EUR 142 million. The second quarter of year yielded with a current account deficit of EUR 360 million. The deficit reduced by about EUR 3 million from EUR 363 million, relative...
Published by Balance of Payments and Surveys Section on 17.09.2009
This newsletter is a new publication of the Bank of Albania, primarily targeting professional researchers, inside and outside the Bank, although other interested parties are more than welcome to use it in their daily work. It aims at informing on the scientific research carried o...
Published by Bank of Albania on 14.09.2009
Statistical Report - July 2009 (Zip File)...
Published by Statistics Department on 14.09.2009
This newsletter is a new publication of the Bank of Albania, primarily targeting professional researchers, inside and outside the Bank, although other interested parties are more than welcome to use it in their daily work. It aims at informing on the scientific research carried o...
Published by Bank of Albania on 09.09.2009
For an 11-year period between 1996 and 2006, Albania’s current account deficit recorded an average annual figure of about EUR 300 million, with the lowest level recorded in 1996 and the highest in 2005. Excluding 1997, the current account deficit as a percentage of GDP was ...
Published by Bank of Albania on 27.08.2009
The supervisory function of the Bank of Albania%u2014the central bank of the country%u2014is sanctioned in the Law “On the Bank of Albania, no.8269 of 23.12.1997 and in the Law “On Banks in the Republic of Albania” no. 8365 of 02.07. 1998. The Bank of Albania, i...
Published by Bank of Albania on 27.08.2009
The aim of this paper is to estimate potential output and output gap for Albania, over the period 1996-2006. Potential output is estimated using the methods of linear regression, Hodrick Prescott filter and the production function approach. The results of the three methods are co...
Published by Vasilika Kota on 26.08.2009
This brochure summarizes all the educational activities organized by the Bank of Albania for the 2007- 2008 period. The content of the publication is illustrated with photos of the activities and intends to create a visual memory on the work of the Bank of Albania in this importa...
Published by Bank of Albania on 25.08.2009
Statistical Report - June 2009 (Zip File)...
Published by Statistics Department on 17.08.2009
The results of the July 2009 bank lending survey show that in the second quarter of 2009, the net percentage of banks reporting a tightening of lending standards – albeit still at a high level – was lower compared with the high level in the first quarter2. The net tig...
Published by Monetary Policy Department on 03.08.2009
The economic developments in the first half of 2009 posed strong challenges to the Albania economy. The global crisis affected our economy, swinging the factors and balances that have sustained the economic growth, thus testing the immunity and self-adjusting mechanisms of the ec...
Published by Monetary Policy Department on 30.07.2009
Statistical Report - May 2009 (Zip File)...
Published by Statistics Department on 16.07.2009
This is the second issue of the Financial Stability Report, published by the Bank of Albania on a yearly basis. The purpose of this Report is to detect and assess the risks the financial system and its infrastructure are faced with, in order to provide the public authorities the ...
Published by Bank of Albania on 13.07.2009
The book you are holding in your hands contains a series of presentations made by distinguished national and international experts in the 7th Annual Conference of the Bank of Albania titled "Monetary Policy Strategies for Small Economies", held in Tirana on 6-7 December 2007. I ...
The overall balance of payments for 2008 recorded a growth of foreign assets of Eur 192 million. The year ended with a current account deficit of Eur 1.291 million, reaching about -14.9 per cent of GDP. Compared to 2007, the deficit rose by about Eur 460 million, from Eur 831 mil...
Published by Balance of Payments and Surveys Section on 30.03.2009
Statistical Report - April 2009 (Zip File)...
Published by Statistics Department on 15.06.2009
During the last 15 years Albania’s current account has wandered in deficits, which in most of the cases have reached well beyond the 5% of GDP, a broadly accepted measure of sustainability. This research investigates the sustainability properties of the Albanian current acc...
Published by Altin Ta nku, Evis Ruçaj, Argita Frasheri on 11.06.2009
The overall Balance of Payments for the first quarter of 2009 recorded a reduction of foreign assets of EUR 131 million. The first quarter of year was closed with a current account deficit of EUR 334 million. Compared to the first quarter of 2008, current account deficit increase...
Published by Balance of Payments and Surveys Section on 10.06.2009
Statistical Appendix...
Published by BANK OF ALBANIA on 21.05.2009
Quarterly Bulletin outlines economic trends in the area of real sector and prices, analyzes developments in the Albanian economy during the second semester of 2007, and furnish information on main activities of the Bank of Albania during the first quarter of 2009......
Published by Bank of Albania on 21.05.2009
We have audited the accompanying financial statements of Bank of Albania (“the Bank”), which comprise the balance sheet as at 31 December 2008, and the income statement, statement of changes in equity and cash flow statement for the year then ended, and a summary of s...
Published by BANK OF ALBANIA on 21.05.2009
During 2008 Bank of Albania’s payment systems reflected security and efficiency, which are indispensable features for a smooth operation of the payment system. Clearing and payments settlement through banks, in the national currency, is carried out through two payment syste...
Published by BANK OF ALBANIA on 21.05.2009
In contrast to the previous year, mixed and unsteady developments occurred during 2008. The banking system analysis reveals an increased risk level and a reduced financial capacity. The first half of the year highlights more positive developments relative to the second one, when ...
Published by BANK OF ALBANIA on 21.05.2009
The main goal in using monetary policy instruments is liquidity management, aiming at orienting the short-term interest rates around the base interest rate signalled by the Bank of Albania. Besides pursuing this goal, the monetary policy instruments are used in view of interbank ...
Published by BANK OF ALBANIA on 21.05.2009
Monetary indicators performance during 2008 highlighted stabilization of money supply growth rates in line with net domestic assets performance, which reflected the economic agents’ demand for money. Real M3 growth rates were falling during two last years, suggesting a bett...
Published by BANK OF ALBANIA on 21.05.2009
Notwithstanding the sharp oscillations, the year 2008 witnessed satisfactory consumer price stability. Annual inflation fluctuated within a band of 2.2 to 4.6 percent, remaining within the Bank of Albania tolerance band of 2-4 percent during the major part of the year. Average an...
Published by BANK OF ALBANIA on 21.05.2009
World growth decelerated in 2008, recording 3.4 percent, well below the 5 percent average growth registered in four previous years. This downturn was affected by the aftermath of the financial crisis that originated in the USA in 2007 and escalated sharply in mid 2008, spreading ...
Published by BANK OF ALBANIA on 21.05.2009
It is a special pleasure to meet with you again, in this annual presentation of the performance of Albania’s economy and Bank of Albania’s work, not only for the fulfilment of its legal mandate, but also for the development of its institutional commitments....
Published by BANK OF ALBANIA on 21.05.2009
Bank of Albania’s Annual Report is a true statement of the opinion of the institution I govern, about the economic developments during the year, the problems, challenges and measures taken for maintaining the macroeconomic and financial balances, improving the economic deve...
Published by BANK OF ALBANIA on 21.05.2009
Economic and financial events at home continue to occur amidst an unstable external setting. On a global level, the advanced and emerging and developing economies remain highly uncertain both in terms of crisis duration and extension of its negative impact. The tight financial si...
Published by Monetary Policy Department on 21.05.2009
Statistical Report - March 2009 (Zip File)...
Published by Statistics Department on 20.05.2009
This paper analyses the relationship between exchange rate and inflation in Albania. The first aim is to investigate the impact of exchange rate changes on domestic consumer prices and secondly throw some light on the importance of currency movements on the conduct of monetary po...
Published by Altin Tanku, Ilir Vika, Marian Gjermeni on 13.05.2009
The purpose of this paper is to verify the presence of Balassa – Samuelson effect and estimate it for Albanian economy. Investigation of Balassa-Samuelson (BS) constitutes an important aspect for the monetary policy pursued by central banks, because it lays emphasis on the ...
Published by Evelina Çeliku, Rajna Hoxholli on 13.05.2009
This paper contributes to the empirical findings on the bank lending channel of monetary policy in Albania by using the individual data from the main twelve commercial banks. In particular, it is aimed to analyze whether the private loans developments can be explained by changes ...
Published by Ilir Vika on 13.05.2009
The results of the bank lending survey indicate that the credit standards for loans to enterprises and households remained broadly tightening during the first quarter of 2009. The most important driving forces behind this net tightening continued to be the same as in the previous...
Published by Monetary Policy Department on 12.05.2009
Statistical Report - February 2009 (Zip File)...
Published by Statistics Department on 30.04.2009
The survey’s results of credit activity for the second half of 2008 reveal a tightening of credit standards. The net tightening of credit standards was higher compared with the expected net tightening in the previous survey round, according to the opinions provided by the b...
Published by Monetary Policy Department on 15.04.2009
Statistical Report - January 2009 (Zip File)...
Published by Statistics Department on 31.03.2009
Economic data and statistics are a key element for successful economic analysis and economic policy formulation, by both the public and the private sector. Actually, economic data and statistics fulfill all the requirements to be considered a public good. Unfortunately, the state...
Published by Risan Shllaku on 19.03.2009
This paper assesses the extent and the speed of exchange rate pass-through to consumers prices in Albania, using vector autoregressions models, VAR . Evidence shows that exchange rate pass-through for the period 1996-2006 is complete within a year. Meanwhile, a sub-sample analysi...
Published by Klodiana Istrefi, Valentina Semi on 19.03.2009
This paper uses an error correction model to measure the elasticity of merchandise import (export) flows to (from) Albania with respect to domestic (foreign) real demand, developments in relative prices abroad and at home, and local currency market fluctuations. The model specifi...
Published by Ilir Vika on 19.03.2009
The practice of core inflation measures provides various approaches. Is there any perfect and universal method to measure it? Until now, no such thing has been concluded....
Published by Evelina Çeliku, Rajna Hoxholli on 19.03.2009
Statistical Report - December 2008 (Zip File)...
Published by Statistics Department on 11.03.2009
Quarterly Bulletin outlines economic trends in the area of real sector and prices, analyzes developments in the Albanian economy during the fourth semester of 2008, and furnish information on main activities of the Bank of Albania during the fourth quarter of 2008 ......
Published by Bank of Albania on 25.02.2009
World economy and the financial system in particular were severely hit in the second half of 2008. The crisis which struck the heart of the global financial system was progressively and relentlessly transmitted to the economic activity of advanced economies leading some of the la...
Published by Monetary Policy Department on 18.02.2009
Statistical Report - November 2008 (Zip File)...
Published by Statistics Department on 12.01.2009

Here you can find all publications published during 2009 and listed in a chronological order.

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