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Bank of Albania Working Papers Series

Intended for researchers, policymakers, economists, bankers, and opinion leaders, Working Papers Series are focused on topics relaetd to monetray policy, economic and fiscal issues, banking and finance. They deal with theoretical and practical aspects that are important for the economic developments and the current financial performance of the country and development expectations. These papers suggest comparative analyses, ascertainments, proposals and new ideas. They always contain work carried out by BoA staff and are published in the name of the authors. The views expressed in these publications belong to the authors and are not necessarily those of Bank of Albania.

 

Working Papers - 2017 Serie


This discussion paper focuses on the long-run mean-reverting properties of debt to GDP ratio and the role of the government in shaping the fiscal policy across the different regions for the period 2000-2011. The material, evaluates the solvency condition by mean of panel unit roo...
Published by Gerti Shijaku on 29.12.2017
The main goal of this paper is to develop a better understanding of international capital flows based on the episode of sudden stop concept. First, we compute a sudden stop indicator (or our binary variable) in order to analyze movements in foreign capital flows. Second, the prob...
Published by Gerti Shijaku on 27.12.2017
As a small open economy, Albania is thought to be prone to foreign inflationist influences. The increasing degrees of trade openness and exchanges would support such claim with imported inflation producing an impact on overall inflation. This paper attempts to quantify imported i...
Published by Lorina Skufi, Enian Cela on 10.11.2017
The Bank of Albania organised on 27 October 2016 in cooperation with the South East European Studies at Oxford, the annual conference: " Aligning monetary policy with financial stability – their objectives, responses and interaction in times of uncertainty"....
Published by Bank of Albania on 10.11.2017
This paper continues the development of the multi-dimensional density as alternative method of empiric investigation in the study of economics as a social phenomenon, defined and considered as a random event. The paper further develops the research of Tanku and Ceca (2013) by pro...
Published by Altin Tanku, Kliti Ceca on 05.10.2017
This study investigates the efficiency of credit allocation in Albania, with a particular focus on the use of kernel density estimation as an alternative estimation methodology for pooled and panel data sets. We focus on the allocation of banks credit portfolio (credit to busines...
Published by Altin Tanku, Elona Dushku, Kliti Ceca on 07.09.2017
January - June 2017...
Published by Research Department on 25.07.2017
The latest financial crisis emphasized the importance of the housing market in the economy. The comprehensive assessment of house price determinants has gained more importance among academic studies. This study aims to assess the role of some financial factors in the performance ...
Published by Erjona Suljoti on 05.06.2017
After the global financial crisis, in Central Eastern and Southeastern European countries, credit has slowed down quickly, in some cases even contracting considerably, leading to a decline on financial intermediation and a weak economic performance. This paper aims to evaluate em...
Published by Sofika Note, Erjona Suljoti on 29.05.2017
This paper examines the optimal level of foreign reserve holdings for Albanian based on optimal model approach proposed by GonÁalves (2007). The model is grounded on a set of economic fundamentals and crisis inspired indicators, such as debt level, capital account and sudden stop...
Published by Elona Dushku, Gerti Shijaku on 29.05.2017

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