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Banking and Finance in South - Eastern Europe: The Albanian Case

  • Kliti Ceca

    ()

    (Bank of Albania)

  • Kelmend Rexha

    (Bank of Albania)

  • Elsida Orhan

    (Bank of Albania)

Registered author(s):

    This paper aims to present the main developments of banking and finance in Albania in a historical perspective. This historical overview might help to better understand not only the great difficulties and obstacles the country faced in the past but also the successes it achieved. It is widely known that the financial system, especially the banking sector, is considered as very important as it serves as a catalyst for the economic development of the country. And this is because financial depth determines economic growth. The paper also highlights the future challenges that the Albanian financial system will face within the context of the country’s European integration and the EU harmonization of the financial policies.

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    File URL: http://www.bankofgreece.gr/BogEkdoseis/Paper200884.pdf
    File Function: Full Text
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    Paper provided by Bank of Greece in its series Working Papers with number 84.

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    Length: 38 pages
    Date of creation: Jul 2008
    Date of revision:
    Handle: RePEc:bog:wpaper:84
    Contact details of provider: Web page: http://www.bankofgreece.gr

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    1. International Monetary Fund, 2005. "Albania; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems," IMF Staff Country Reports 05/274, International Monetary Fund.
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