Nobody downloaded yet

Albania Financial System - Case Study Example

Comments (0) Cite this document
The financial system exists to facilitate, a settlement and the flow of funds from one party to another. In such a system, financing is easily raised and allocated with the risk associated with such financing easily managed A developed financial system is one that has a secure and efficient payment system, security markets and financial intermediaries that arrange financing, and derivative markets and financial institutions that provide access to risk management instruments (
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Albania Financial System
Read TextPreview

Extract of sample
"Albania Financial System"

Download file to see previous pages Other sectors of the country's financial system are not large enough to be systematically important. How ever, growth in the insurance sector is rapid and the fear is that problems within this sector may undermine confidence in the institutions (Ingves and Dappler, 2005).
The Bank of Albania (BOA) is at the hem of the financial system, setting the rules, ensuring fair play. It is the keeper of the government accounts, carry out and negotiate government lending and borrowings. It also monitors the other institutions (Commercial banks and other forms of depository institution.) It issues and revokes licenses and do not compete with other institutions in ordinary business operations, but uses its lender of last resort policy, and open market operations to bail the economy and other banks out of recession (Article 16 of Law No.7491, dated April 29, 1991).
Other institutions include, state banks, banks limited by shares, cooperative banks and private banks with Albanian capital exclusively. Private or state banks with Albanian and foreign capital, and private banks with foreign capital. Membership deposits and credit are open to both physical and legal persons. There are about sixteen commercial banks in Albania, and examples of such institutions include: Alpha Bank, Procredit Bank Italian Albania bank.

The ownership and management structure runs from the general assembly, through the board of directors, the managing director to the front line employees. The internal and external audits are independent bodies to ensure, agents greed are mitigated. However, these institutions can only go operational once required conditions set by BAO are met, from capital to qualified board of directors.
Other forms of non banking crediting institutions include
The Mountain area Financing Fund (PSHM).
Future Development Association (FDA).
Besa Foundation.
Albania savings and credit union
However, Ingves and Dappler, 2005 argued that this non banking sector is not large enough to be systematically important their roles and contributions should not be under looked as most of them provide alternative banking services to deprived areas.

What is the role of the central bank'

A Central Bank (CB) is the central authority, the rule maker and the government representative in the financial system. It is an entity responsible for the monetary policy of its country or of a group of member states ( "It is a bank that provides financial and banking services for the government of a country and its commercial banking system as well as implementing the government monetary policies" (Butler B. etal 1997:58). In Albania, the central bank is known as The Bank of Albania or in other words, the banker's bank. Other examples of central banking institutions include The Bank of England for the United Kingdom, the Deutsche Bundesbank in Germany, and France's Banque de ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Albania Financial System Case Study Example | Topics and Well Written Essays - 2000 words”, n.d.)
Albania Financial System Case Study Example | Topics and Well Written Essays - 2000 words. Retrieved from
(Albania Financial System Case Study Example | Topics and Well Written Essays - 2000 Words)
Albania Financial System Case Study Example | Topics and Well Written Essays - 2000 Words.
“Albania Financial System Case Study Example | Topics and Well Written Essays - 2000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Financial Planning
The adoption of the ethical standards in the professional practice of financial planning ensures a high quality practice in the area of financial planning. It demonstrates the highest professional and ethical standards in the area of financial planning. The highest standards of practice on the part of the financial planners include engagement in transparent, judicious, and fair planning for the allocation of investment funds that safeguard the interest of the investors for wealth maximization (Financial Planning Association of Australia, 2012, p.1).
4 Pages(1000 words)Case Study
Buddong System
CASE STUDY Table of Contents Table of Contents 2 Introduction 3 Critical Analysis 3 Ethical and Communication Issues 3 Results 6 Conclusion 6 Recommendation 7 References 8 Introduction Buddong system is a renowned organization presenting satellite uplink services, satellite up-link equipments, uplink facilities, unparalleled support in the entire region of Asia Pacific.
4 Pages(1000 words)Case Study
Albania's Pyramid Schemes
In 1940s Albania had a predominantly agricultural economy, and depended on a classic Stalinist economic model characterized by central planning, and bureaucratic decision-making processes (Kindleberger 54). This model prevailed until the beginning of the 1990s, when the government initiated economic reforms which promoted private ownership (Davies 78).
9 Pages(2250 words)Case Study
Financial system
(GAO) Financial markets facilitate the lending of funds from saving to those who wish to undertake investments. The various forms of IOUs are known collectively as financial instruments. Such instruments, which also are called securities, are claims that those who lend their savings have on the future incomes of borrowers who use those funds for investment.
11 Pages(2750 words)Essay
Financial reporting
everely hit the global economy, prompting the International Accounting Standards Board (IASB) to reconsider its accounting framework towards the International Financial Reporting Standard (IFRS) 7: Financial Instrument. At the same time, the Securities and Exchange Commission
6 Pages(1500 words)Case Study
Financial Management
This results into the lower surpluses of slightly above $ 1.5 million. As compared to the first four months, the variation is quite wide. 3. The increase in number of vehicles failing inspection is quite positive for the budget as it would lead to
2 Pages(500 words)Case Study
Financial analysis
From the forecast on income statement made after the acquisition of Exterran Holdings Inc, the venture can be considered profitable. The estimate of growth in sales in financial year 2014 is 9%. This
2 Pages(500 words)Case Study
Financial Management
The Amalgamated Industries Limited (AIL), require a strategy which would help them to increase their profitability, gain more market share and increase their approval ratings. In order
9 Pages(2250 words)Case Study
Financial system
Even in markets with good structures such as the United States or Canada, the government sectors always play a very important role (Fender, 2012). This is possible by the raising of revenue
5 Pages(1250 words)Assignment
Financial Instruments
The company should consider the interest rate paid for cumulative preference shares or convertible notes. In this case, the cheapest source of finance is cumulative preference shares (Henderson, Peirson & Harris, 2003). The company should
1 Pages(250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Case Study on topic Albania Financial System for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us