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Working Papers - 2014 Serie


January - June 2014...
Published by Research Department on 19.08.2014
The recent financial crisis has highlighted the important role of the financial system in the overall economic performance and the individual sectors of the economy. The importance of the financial channels has been argued even before the onset of the crisis, by Bernanke et al., ...
Published by Elona Dushku, Vasilika Kota on 07.04.2014
The paper analyses the performance of the inflation forecasting and its role in the monetary policy decision-making at the Bank of Albania over 2011-2012. The study identifies the main challenges facing the projection process, focusing on published inflation versus the forecasts ...
Published by Evelina Çeliku, Gent Hashorva on 27.02.2014
July - December 2013...
Published by Research Department on 27.02.2014
Income and price elasticities account for the size of the transmission among trading partners in real activity. The recent economic slowdown in advanced economies has become a concern for the growth rate in developing countries. Of a particular interest is the role of exports as ...
Published by Bledar Hoda on 21.02.2014
This study evaluates the effects of exchange rate on bilateral trade flows between Albania and its main trading partners namely: Euro area, China, Greece, Germany, Italy, Kosovo and Turkey. The material seeks empirical evidences on the existence of the “J – curve&rdqu...
Published by Alban Pllaha on 18.02.2014
Identifying the deficiencies and finding the proper ways for an increasingly efficient approach to real needs of the public play an important role in creating and adapting educational programmes. For the first time in Albania, this information is obtained from the survey on measu...
Published by Kliti Ceca, Arlinda Koleniço, Egnis Isaku, Borana Haxhimusaj on 17.02.2014
On 26 October 2012, the Bank of Albania organised the its 10th international conference on “Monetary policy, from the past to the present”, which coincided this year with the celebration of the first centennial of Albania’s independence....
Published by Bank of Albania on 03.02.2014
This paper aims at serving as a starting point for an alternative approach to analyse and monitor the fiscal position in Albania. The approach used up to date to assess the fiscal position in Albania refers to budget indicators expressed in nominal terms. Nominal budgetary figure...
Published by Anjeza Gazidede on 10.01.2014
This discussion paper focuses on identifying and evaluating the long run determinants of bank credit to the private sector in the case of Albania by employing a Vector Error Correction Mechanism (VECM) approach based on demand and supply indicators. Estimations show that an adjus...
Published by Gerti Shijaku, Irini Kalluci on 06.01.2014

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