Banking system and its role in Kosovo’s economic development

MA. Petrit Hasanaj, MA. Albina Shala, Dr.Sc. Jusuf Qarkagjija

Abstract


Developing a sustainable banking system is a prerequisite for developing an economy. The purpose of this paper is to extract all the important factors in the nature of banks and their direct role in economic development. This market study aims to analyze the banking system in Kosovo by determining and then analyzing its structure, the degree of concentration of commercial banks in the banking market, their behavior towards price, number of participants, banks operating in this market, types Of the products and services they provide, in order to assess the level of competition of this sector, in accordance with the right of competition. For this purpose, the study describes the functioning of the banking system as a whole and its special segments, regulatory supervisory instruments and their role not only in the functioning of the banking system but also in effective competition. Since the beginning of the operation of commercial banks, which is over 16 years old, the market still dominates high interest rates on loans, which, to some extent, is a burden on economic entities, and thus the economy as a whole.


Keywords


Banking system; central bank; commercial banks; bank products; deposits; loans; interest rates;

References


Allen, Franklin, and Douglas, Gale, Optimal financial crises, Journal of Finance 53. No. 4 (1998).

Annual Reports of Commercial Banks in Kosovo.

Annual Report 2015, Central Bank of the Republic of Kosovo, Last Accessed, (10.04.2017) from http://bqk-kos.org/?id=102

Association of Kosovo Banks, June, 2016, Last Accessed, (10.04.2017) from http://bankassoc-kos.com/periodiku-bankar

Association of Kosovo Banks, April, 2016, http://bankassoc-kos.com/periodiku-bankar.

Bernard- Colli. 1992. Economicky a financny slovnik. Bratislava: Praca. 1992.

Bohm Bawerk, the theory of interest, the theory of capital (1889). Wicksell, the influence of the rate of interest.

Central Bank of the Republic of Kosovo, Balance Sheet of other depository corporations, Last Accessed, (10.04.2017) from http://www.bqk-kos.org/?id=55

Central Bank of the Republic of Kosovo, effective interest rate on loans, Last Accessed, (10.04.2017) from http://www.bqk-kos.org/?id=55

Central Bank of the Republic of Kosovo, effective interest rates on new deposits, Last Accessed, (10.04.2017) from http://www.bqk-kos.org/?id=55

Central Bank of the Republic of Kosovo, annual report 2013 and 2014, Last Accessed, (10.04.2017) from http://bqk-kos.org/?id=102

Cunderlik, D. 1991, Terminologicky slovnik pre managerov a podnicatel’ov. Martin Martis. 1991.

Fabozzi, Frank J. Bond Markets, Analysis and Strategies, New work, Prentice Hall, 2000.

Law 03 / L-209, Central Bank of the Republic of Kosovo, 16.08.2010, Last Accessed, (10.04.2017) from http://bqk-kos.org/index.php?id=15

Luboteni G., Banks and Banking Business, Pristina,2013.

Luboteni, G. Banking Management, Prishtina, 2015.

Mançellari A, Hadëri S., Kule Dh., Qirici S., Hyrje në Ekonomi, Pegi, Tiranë, 2002.


Full Text: PDF

DOI: 10.21113/iir.v7i1.298

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM

Refbacks

  • There are currently no refbacks.




Copyright (c) 2017 Petrit Hasanaj

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
x
Message