This paper reviews the theoretical views on the construction of the financial sector and linking ... more This paper reviews the theoretical views on the construction of the financial sector and linking it with the structure of the real sector and economic growth. Two main views are those that support the financial sector i) based on banks and ii) based on the financial market. Each of these states finds its advantages and disadvantages of another view. Some analyzes suggest that countries with underdeveloped financial sector and economic structure that consists mainly of small firms should be defined for a financial sector based on the bank, while the countries with developed financial sector and economic structure that have a significant part of large firms, financial sector should based on the market. Two other theories have beyond the debate reliance on a bank against the market and focus more on the level of financial services and legal environment in the country. I appreciate that financial sector in Kosovo, based on local circumstances need for a long time based on the bank and there is no need to take steps to set up the financial market.
Small and medium enterprises play an important role in the economic development of a country, esp... more Small and medium enterprises play an important role in the economic development of a country, especially for transition countries, since constitute the largest participative economic structure of these countries. Their role is crucial for these countries to resolve problems arising from the transformation process in these countries. Kosovo is a country that is in a process of late transition. Development of SMEs depends on their ability to grow and develop. This paper is based on data collected from surveys of SMEs by BSC Kosovo in late 2012 and aims to provide some features of the investing SMEs in Kosovo by observed them as a whole as well in particular by micro, small and medium category enterprises. The analysis has to do with the features that characterize SMEs which had investment activity. Our analysis suggests that investment as important variable SMEs had positive correlation with the size and age of the enterprise. Also investing SMEs are characterized by recruitment of ne...
This paper reviews the theoretical views on the construction of the financial sector and linking ... more This paper reviews the theoretical views on the construction of the financial sector and linking it with the structure of the real sector and economic growth. Two main views are those that support the financial sector i) based on banks and ii) based on the financial market. Each of these states finds its advantages and disadvantages of another view. Some analyzes suggest that countries with underdeveloped financial sector and economic structure that consists mainly of small firms should be defined for a financial sector based on the bank, while the countries with developed financial sector and economic structure that have a significant part of large firms, financial sector should based on the market. Two other theories have beyond the debate reliance on a bank against the market and focus more on the level of financial services and legal environment in the country. I appreciate that financial sector in Kosovo, based on local circumstances need for a long time based on the bank and t...
This paper reviews the theoretical views on the construction of the financial sector and linking ... more This paper reviews the theoretical views on the construction of the financial sector and linking it with the structure of the real sector and economic growth. Two main views are those that support the financial sector i) based on banks and ii) based on the financial market. Each of these states finds its advantages and disadvantages of another view. Some analyzes suggest that countries with underdeveloped financial sector and economic structure that consists mainly of small firms should be defined for a financial sector based on the bank, while the countries with developed financial sector and economic structure that have a significant part of large firms, financial sector should based on the market. Two other theories have beyond the debate reliance on a bank against the market and focus more on the level of financial services and legal environment in the country. I appreciate that financial sector in Kosovo, based on local circumstances need for a long time based on the bank and there is no need to take steps to set up the financial market.
Small and medium enterprises play an important role in the economic development of a country, esp... more Small and medium enterprises play an important role in the economic development of a country, especially for transition countries, since constitute the largest participative economic structure of these countries. Their role is crucial for these countries to resolve problems arising from the transformation process in these countries. Kosovo is a country that is in a process of late transition. Development of SMEs depends on their ability to grow and develop. This paper is based on data collected from surveys of SMEs by BSC Kosovo in late 2012 and aims to provide some features of the investing SMEs in Kosovo by observed them as a whole as well in particular by micro, small and medium category enterprises. The analysis has to do with the features that characterize SMEs which had investment activity. Our analysis suggests that investment as important variable SMEs had positive correlation with the size and age of the enterprise. Also investing SMEs are characterized by recruitment of ne...
This paper reviews the theoretical views on the construction of the financial sector and linking ... more This paper reviews the theoretical views on the construction of the financial sector and linking it with the structure of the real sector and economic growth. Two main views are those that support the financial sector i) based on banks and ii) based on the financial market. Each of these states finds its advantages and disadvantages of another view. Some analyzes suggest that countries with underdeveloped financial sector and economic structure that consists mainly of small firms should be defined for a financial sector based on the bank, while the countries with developed financial sector and economic structure that have a significant part of large firms, financial sector should based on the market. Two other theories have beyond the debate reliance on a bank against the market and focus more on the level of financial services and legal environment in the country. I appreciate that financial sector in Kosovo, based on local circumstances need for a long time based on the bank and t...
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