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

Author

Listed:
  • Kliti Ceca

    (Bank of Albania)

  • Kelmend Rexha

    (Bank of Albania)

  • Elsida Orhan

    (Bank of Albania)

Abstract

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.

Suggested Citation

  • Kliti Ceca & Kelmend Rexha & Elsida Orhan, 2008. "Banking and Finance in South - Eastern Europe: The Albanian Case," Working Papers 84, Bank of Greece.
    • Handle: RePEc:bog:wpaper:84
    as

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    File URL: http://www.bankofgreece.gr/BogEkdoseis/Paper200884.pdf
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    References listed on IDEAS

    as
    1. John P. Bonin, 2001. "Financial Intermediation in Southeast Europe: Banking On the Balkans," wiiw Balkan Observatory Working Papers 6, The Vienna Institute for International Economic Studies, wiiw.
    2. 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 2005/274, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Dimitrios Sideris, 2011. "Optimum currency areas, structural changes and the endogeneity of the OCA criteria: evidence from six new EU member states," Applied Financial Economics, Taylor & Francis Journals, vol. 21(4), pages 195-206.
    2. Milan Sojic & Ljiljana Djurdjevic, 2008. "Monetary Policy Objectives and Istruments used by the Privileged National Bank of the Kingdom of Serbia (1884 - 1914)," Working Papers 87, Bank of Greece.
    3. Sophia Lazaretou, 2008. "Banking and Central Banking in Pre-WWII Grecce: Money and Currency Developments," Working Papers 86, Bank of Greece.

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    More about this item

    Keywords

    Historical perspectives; Financial system; Bank-dominated system; Panics; EU integration;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

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