Global Advanced Research Journal of Management and Business Studies (ISSN: 2315-5086) January 2017 Vol. 6(2), pp 037-042

Copyright © 2017 Global Advanced Research Journals   

 

Original Research Articles

 

Analysis of the Effects of Macroprudential Measures on GDP’s Trend – Simulation Using A Macro Financial Model for Albania

Ela Golemi, Ph.D

University “Aleksander Moisiu”, Department of Economic Sciences, Durres, 2000Albania

Email: golemiela31@yahoo.com

Accepted 06 July 2016


Abstract 

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 quality of data, this study finds appropriate to make use of a Macro Financial Model for Albania to assess the effects of countercyclical macro prudential measures taken by the Bank of Albania on March 2013, as a toolkit to address credit revival.  Our analyses support that all measures implemented individually improve the main financial variables and affect positively Albania’s GDP growth, although the impact of the simultaneous implementation of these three measures is higher. The implementation of macroprudential policy measures can help contribute to a stable financial intermediation by raising the resilience of the financial system against risks. 

Keywords: macroprudential policy, systemic risk, financial stability, economy dynamics. JEL classification: C81, E5, G38






 











 








Related Articles


Original Research Articles
Taiwo Tope Olayinka and Musa Adeiza Farouk
The Impact of Consolidation on the Performance of Banks in Nigeria
Glo. Adv. Res. J. Manage. Bus. Stud. October 2014 Vol: 3(10): - [Abstract] [Full Text - PDF] (120 KB)
Souad Khemiri and Said Jaouadi
Financial Instability in Tunisia April 2012
Glo. Adv. Res. J. Manage. Bus. Stud. January 2013 Vol: 2(1): - [Abstract] [Full Text - PDF] (153 KB)

Current Issue

Viewing Options

View Full Article - PDF
Download Full Article - PDF

Search for Articles

Ela Golemi on Google Scholar
Ela Golemi on Pubmed

Statistics

Viewed 110
Printed 24
Downloaded 78
Powered By iPortal Works