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Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower …
Persistent link: https://www.econbiz.de/10011848127
is derived from the experience of Albania. The paper is the first attempt to provide an empirical measure of the optimal … level of euroization. The results indicate that euroization is trending above the estimated measure in Albania, calling for …
Persistent link: https://www.econbiz.de/10011799246
interest rates in Albania during 1993–97. The estimated parsimonious error correction model extends the findings of a growing …
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Albania? This paper discusses the origins of the pyramid schemes and the way the authorities handled them. It also analyzes …
Persistent link: https://www.econbiz.de/10014400969
The paper discusses the challenges facing Albania''s fiscal policy following the graduation from the IMF programs. It … argues that Albania''s public debt remains too high and needs to be reduced. Strengthening the fiscal framework, including by …
Persistent link: https://www.econbiz.de/10014402881
This paper studies the financial sustainability of the Albanian pension fund and assesses possible options for its reform. The paper concludes that the pension fund is not sustainable in its current form and proposes for the urban scheme a combination of parametric changes to the existing...
Persistent link: https://www.econbiz.de/10014403650
As Albania has succeeded in reducing inflation to very low levels, understanding the driving forces behind the behavior …
Persistent link: https://www.econbiz.de/10014401358