This paper will take in consideration the current situation of the Albanian financial system after two decades of transition towards market economy and analyzes the barriers and challenges that lie ahead on the path of development. The analysis considers three segments of financial system:...

Analyzing the evolution of emerging economies, with their openness to foreign investments and increasing country risk, there is in the same time a high degree of international spread of crises. Unsustainable macroeconomic policies, the fragile financial system and disorderly capital account...