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Trends and Characteristics of the Securities Issued by the Government of Kosovo

Author

Listed:
  • Albulena Mustafa Zatriqi

    (University of Pristina, Kosovo)

  • Safet Merovci

    (University of Pristina, Kosovo)

  • Rahmije Topxhiu

    (University of Pristina, Kosovo)

Abstract

The securities market in the Republic of Kosovo is in the initial phase of its establishment which is facing numerous problems and challenges. This paper will present some features of the securities market in Kosovo. This market is currently intermediated by the primary dealers, which are all commercial banks that do have the duty to develop the secondary market. The paper presents some theoretical and practical aspects of the role and importance of securities issued by the Government and other issues related to them. Their distribution among maturities and investors is shown as significant element in development of this market. The paper also presents the ratio of the Kosovo government debt against the Gross Domestic Product and bank deposit rate as the two measurement rates, in order to see the impact of government debt on economic development in developing countries.

Suggested Citation

  • Albulena Mustafa Zatriqi & Safet Merovci & Rahmije Topxhiu, 2017. "Trends and Characteristics of the Securities Issued by the Government of Kosovo," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 251-264, June.
    • Handle: RePEc:nwe:eajour:y:2017:i:2:p:251-264
    as

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    References listed on IDEAS

    as
    1. Afonso, António & Jalles, João Tovar, 2013. "Growth and productivity: The role of government debt," International Review of Economics & Finance, Elsevier, vol. 25(C), pages 384-407.
    2. S M Ali Abbas & Jakob E Christensen, 2010. "The Role of Domestic Debt Markets in Economic Growth: An Empirical Investigation for Low-Income Countries and Emerging Markets," IMF Staff Papers, Palgrave Macmillan, vol. 57(1), pages 209-255, April.
    3. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    4. Ugo Panizza, 2008. "Domestic And External Public Debt In Developing Countries," UNCTAD Discussion Papers 188, United Nations Conference on Trade and Development.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic growth; Domestic debt; securities; treasury bills; government bonds;
    All these keywords.

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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