Thresholds in the process of financial integration, Albania – Kosovo
Msc. Teuta Llukani, Mcs. Doriana Nano
Universiti “Eqrem Çabej” Gjirokastër
Financial crises have caused immense debate about the costs and benefits of financial integration.
This paper aims to analyze financial sector development, institutional quality, macroeconomic policies and trade openness as thresholds that must be satisfied in order to foster further financial integration and making it work for good, for Albania and Kosovo. In addition, the comparison of economic characteristics between these countries and the minimum standard will be estimated, in order to reveal their discrepancy and deficiencies and as well to develop several policy proposals.
Keywords: Institutional development, Economic characteristics, Albania, Kosovo.