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Transition economies, such as the countries in Southeast Europe, face an expeditious institutional transition from a centrally planned to a market economy. The state withdraws from its monitoring function, which results in institutional voids that affect the economy in general and small and...
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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 …
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This paper examines developments in Albania’s income distribution and poverty during the transition to a market …
Persistent link: https://www.econbiz.de/10014397176
in the successor states of former Yugoslavia and Albania during their transition and EU integration years, from 1990 …: Kosovo: Can Decentralisation Resolve Ethnic Conflict? -- Part IV: Albania: Struggling with the Legacy of Extreme … Centralisation -- Chapter 9: Albania: Aligning Territorial and Fiscal Decentralisation -- Part V: Conclusions -- Chapter 10 …
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The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...
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