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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, as a toolkit to address credit revival. |
