Month: July 2015

The Croatian Banking Crisis

Since its independence in 1991, Croatia has undergone two banking crises. The first was a structural crisis of the old banks, due to their inheritance of bad assets from the previous economic system, the legacy of war, and the disintegration of the former Yugoslavia. All told, the costs of this first crisis are estimated to Read More …

Futuristic View of Banks in Albania

Banks in Albania, as I have recently learned, have a long history. The AAB, as you know, has just published a wonderful book entitled Historical View of Banks in Albania. Banking activity has been documented since 1839, and a central bank formed in 1863. But no more history, I am personally very much interested in Read More …