Ela Golemi

• Faculty Member at Aleksandër Moisiu University

This article analyses the relationship between corruption and income inequality in western Balkan countries in the period from 2012 to 2023. The International Labour Organization, Transparency International and World Development Indicators are the three sources of data used, while the Arellano and Bond (1991) generalized method of moments (GMM) tec...

During the last three decades, Albania has maintained steady economic growth which has significantly improved the poverty rate and living standards. However, demographic change has influenced differences in regional development, pres suring the government to draw up new socioeconomic policies to prevent greater inequality between the regions. Inter...

Purpose This paper aims to focus on analyzing the level of corruption of small- and medium-sized enterprises and their economic performance impact in Western Balkan countries. This study uses survey data from Enterprise Surveys (ES) from 2019, a shared project of the European Bank for Reconstruction and Development, the European Investment Bank and...

This article focuses on an analysis of the digitalisation of enterprises in Albania and its impact on their performance with a view to understanding better the role of digitalisation and the experience of private sector firms in this area. The research draws on an econometric analysis of World Bank data examining firms’ experiences and their percep...

This paper presents an effort to empirically analyze the factors affecting the real exchange rate in Albania, using data for the period 1995–2015. Real exchange rate behavior is at the centre of policy debates because exchange rates play a fundamental role in global trading and portfolio investments. This study applies the VAR model. Johansen Coint...

This study provides an assessment of the impact of macroprudential policy measures taken from the Bank of Albania, on the main financial indicators and real economy’s dynamics, as well as their impact in raising the resilience of financial system and its stability. Based in Albania’s financial system composition, the level of market development and...

The paper aims to present for the first time the methodology for building the stress-testing at the Bank of Albania, as well as to evaluate the quality of its forecasts. Through the forward- looking stress-testing analysis the financial system stability and capital adequacy in the banking sector are estimated for a period of up to two years. Regard...

Regional economic integration is regarded as a priority task for western Balkans countries in order to prepare them for integration into the European Union. Given the under-performance between these countries in terms of trade, we propose the creation of a complementary supranational currency that would serve the common market of the western Balkan...

Housing is a particularly important example of what might be thought of as a standard function of central and local government, a consequence of the increased requests of citizens for housing and an attempt to find the best way to realise these. Clearly, it represents an issue of significant social importance. Albania has approved Law No. 22/2018 O...

This article discusses the issue of excessive credit growth, which is generally considered as an early indicator of financial and macroeconomic instability. It focuses methods that should be used in order to evaluate if the level of credit growth is excessively enough in order to start applying “countercyclical capital buffer”, a macro prudential t...