Financial crises and the warning models
Albania case. Monograph
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The last financial crisis caused serious problems, which did not appear suddenly, nor were transitory. They existed from a long period of time, in the form of several corporate bankruptcies and bubbles industrial giant. This crisis brought back in center of academic and scientific debate, the issues of economic interdependence that accompany the reality of globalization. These issues are not only concerned on the state level, but should be conducted in their international dimension. Negative effects of this crisis were felt in Albanian economy and in its banking system too. This new reality, h...
The last financial crisis caused serious problems, which did not appear suddenly, nor were transitory. They existed from a long period of time, in the form of several corporate bankruptcies and bubbles industrial giant. This crisis brought back in center of academic and scientific debate, the issues of economic interdependence that accompany the reality of globalization. These issues are not only concerned on the state level, but should be conducted in their international dimension. Negative effects of this crisis were felt in Albanian economy and in its banking system too. This new reality, highlighted more than ever the necessity of effective and serious commitment not only to policy-makers, but especially researchers, to analyze scientific criteria and to provide recommendations and solutions for sustainable development in long-term. Over all, crises should not be seen as a disaster, but as a temporary escape of economy from normality, which requires rapid and professional intervention.
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