.ballinaen.
   
 

Working Papers, 2015 - 2016 Serie


In countries with floating exchange rates, central banks generally intervene to contain market volatility or put a stop to exchange rate overshooting, but not to influence the exchange rate trend. They also intervene to maintain international reserves against vulnerabilities in t...
Published by Ilir Vika on 29.12.2016
This material aims to identify whether or not consumers’ socio – demographics characteristics such as: education, family size, age, gender, employment status and income, play a role on payment choice behavior for the Albanian consumers. Using a binary choice model (Pr...
Published by Alban Pllaha, Kliti Ceca, Valentina Semi on 28.12.2016
The importance of inflation expectations for monetary policy requires an analysis of their nature: rational or adaptive? This is essential, especially in the inflation targeting regime, recently implemented by the Bank of Albania (BoA). In this paper, we explore inflation expecta...
Published by Merita Boka, Evelina Çeliku, Gent Hashorva on 07.12.2016
The MEAM macromodel has been mainly used to analyze various risk scenarios in the Albanian economy, as well as to generate projections about important macroeconomic indicators like inflation, GDP components, labor market, etc. The current MEAM estimation is based on vintage quart...
Published by Ilir Vika, Lorena Skufi, Enian Çela, Esida Abazaj on 24.11.2016
The Bank of Albania organised on 30 October 2015 in cooperation with the South East European Studies at Oxford, the annual conference: “Do crises change economic fundamentals in SEE?" The conference was attended by H.E. Edi Rama, the Prime Minister of the Republic of Alban...
Published by Bank of Albania on 20.10.2016
Including for the first time macroeconomic variables in the empirical analysis with panel data for commercial banks, this paper aims to shed light on the determinants of net interest margin in the Albanian banking sector. Considered as a good indicator of banking intermediation e...
Published by Meri Papavangjeli, Eralda Leka on 19.10.2016
The growth of lending in foreign currency in many Central, Eastern and South Eastern European (CESEE) countries has driven to the expansion of analyses and researches in this regard. In Albania, similar to the other regional countries, the study of main determinants of foreign cu...
Published by Gerti Shijaku on 18.10.2016
The main focus of this paper is to appraise the money demand function and the velocity of broad money, M3, in the medium and long-term, given its role as a second pivotal pillar for the monetary policy of the Bank of Albania, in accordance with its primary objective, that of pric...
Published by Gerti Shijaku on 18.10.2016
In a continuous challenge for increasing economic growth pace, Southeastern Europe economies need to explore all contributing channels to this process. While previous researches do not find a significant relation between financial development and economic growth in SEE countries,...
Published by Arlind Rama on 18.10.2016
A housing bubble that developed throughout most of the 2000s in the developed world is currently seen as one of the most important causes that led to the global financial crisis of 2008. As a direct result, ever since the crisis, the housing market has become an increasingly impo...
Published by Endrit Yzeiraj on 18.10.2016
January - June 2016...
Published by Research Department on 24.08.2016
July - December 2015...
Published by Research Department on 27.01.2016
January - June 2015...
Published by Research Department on 19.08.2015
July - December 2014...
Published by Research Department on 05.03.2015

Copyright © 2004-2016 Bank of Albania. All rights reserved.