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

Kliti Ceca (), Kelmend Rexha and Elsida Orhan
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Kliti Ceca: Bank of Albania
Kelmend Rexha: Bank of Albania
Elsida Orhan: Bank of Albania

No 84, Working Papers from Bank of Greece

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.

Keywords: Historical perspectives; Financial system; Bank-dominated system; Panics; EU integration (search for similar items in EconPapers)
JEL-codes: G21 G22 N24 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2008-07
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-eec, nep-his and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bog:wpaper:84

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