Integration of Financial Systems of Western Balkan Countries Into the European Financial System
Arbër H. Hoti () and
Artor R. Nuhiu ()
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Arbër H. Hoti: Faculty of Economics, University of Prishtina, Agim Ramadani no. 60, Prishtina, Republic of Kosovo
Artor R. Nuhiu: Faculty of Economics, University of Prishtina, Agim Ramadani no. 60, Prishtina, Republic of Kosovo
Annals - Economic and Administrative Series -, 2012, vol. 6, issue 1, 23-34
Th? ?mp?ct of ?nt?rn?t?on?l f?n?nc??l r?port?ng of SMEs on ?conom?c p?rform?nc? cont?nu?s to b? on? of th? most d?b?t?d ?ssu?s ?mong ?nt?rn?t?on?l ?conom?sts. Th?or?t?c?l mod?ls h?v? ?d?nt?f??d ? numb?r of ch?nn?ls through wh?ch ?nt?rn?t?on?l f?n?nc??l r?port?ng of SMEs c?n promot? ?conom?c growth ?nd ?conom?c d?v?lopm?nt ?n d?v?lop?ng countr??s ?nd countr??s ?n tr?ns?t?on. How?v?r, ?n sp?t? of ?ts b?n?f?ts, f?n?nc??l r?port?ng of SMEs c?n ?lso b? d?ng?rous, ?s ?t h?s b??n w?tn?ss?d ?n m?ny r?c?nt f?n?nc??l cr?s?s. In f?ct, th?r? ?r? som? ?v?d?nc?s th?t f?n?nc??l glob?l?s?t?on l??ds to b?tt?r m?cro?conom?c outcom?s only wh?n c?rt??n “thr?shold cond?t?ons” ?r? m?t. Th?r?for?, th?s p?p?r d?scuss?s th? pot?nt??l b?n?f?ts ?nd pot?nt??l costs of f?n?nc??l r?port?ng, wh?ch could f?c? tr?ns?t?on countr??s from W?st?rn B?lk?ns wh?l? ?nt?gr?t?ng th??r f?n?nc??l syst?ms ?nto th? Europ??n f?n?nc??l syst?m. S?nc? th? f?n?nc??l s?ctor of W?st?rn B?lk?n countr??s ?s ch?r?ct?r?s?d by ?n ?ncr??s?ng pr?s?nc? of for??gn b?nk, th?s p?p?r po?nts out th? pot?nt??l ?dv?nt?g?s ?nd ? poss?bl? “d?ng?r” of th? ?xc?ss?v? pr?s?nc? of for??gn b?nks ?n th? host-country. Th?s p?p?r conclud?s w?th th? ?d?? th?t ?t ?s ?mport?nt to d?t?rm?n? th? opt?m?l l?v?l of for??gn b?nks p?rt?c?p?t?on ?n loc?l b?nk?ng s?ctor ?nd th?t f?n?nc??l r?port?ng of SMEs should b? ?ppro?ch?d c?ut?ously, w?th good ?nst?tut?ons ?nd m?cro?conom?c fr?m?works v??w?d ?s ?mport?nt pr?cond?t?ons.
Keywords: Sm?ll ?nd M?d?um S?z?d Ent?rpr?s?s; Economic growth; Balkan countries (search for similar items in EconPapers)
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