Annual Report 2010 03 August 2011 - Banka Qendrore e ...
Annual Report 2010 03 August 2011 - Banka Qendrore e ... Annual Report 2010 03 August 2011 - Banka Qendrore e ...
Annual Report 2010 CBK 86 | 5.6. Statistics and Economic Analysis Year 2010 is characterized by multidimensional achievements in the area of statistics as well as in that of economic analysis. Along with international recognition of compiled statistics, it was also recognized the expertise conducted by CBK Statistics Directorate staff, through its inclusion in the IMF experts’ list for monetary and financial statistics. This made CBK be not only recipient but also a provider or technical assistance to other countries in the region. A particular achievement within the CBK statistical operation in 2010 is transmission of balance of payments statistics to IMF on quarterly basis, in the framework of publications such International Financial Statistics and Balance of Payments Statistical Yearbook, along with monetary and financial statistics forwarded in 2009. This proves the internationally recognized quality of balance of payments statistics compiled by CBK. New versions of Banking Statistics Report (BSR), Interest Rates Report (IRR) and International Transactions With his survey “Determinants of Foreign Direct Investment in South East European Countries (SEEC)”, Bejtush Kiçmari, surveyor in the CBK Statistical Office was awarded the prestigious price “Olga Radzyner”, which is awarded each year by the National Bank of Austria for the best scientific surveys in the area of economy. Previously (in 2008), a winner of this price was also Sokol Havolli from the CBK Analysis Reporting System (ITRS) have been implemented during 2010. Implementation of new versions of these statistical projects was in function of following Kosovo bank market developments in compliance with international statistical standards. This has direct impact on the increase of quality of statistics variety compiled and published by the CBK. As of January 2010, time series started to be published in a new format, including statistics under direct CBK responsibility, such as: monetary and financial statistics and those of balance of payments. During 2010, it was also continued with publication of Monthly Statistical Bulletin, where December edition represents the 113 th edition, implying a constant increase both in quality and quantity of information presented in the bulletin. In accordance with IMF “Stand-By” agreement, as of August 2010, the selected monetary, financial and the balance of payments statements have been reported to IMF. Also, in the framework of this program it is envisaged that CBK will be the promoter in relation to General Data Dissemination Standard (GDDS), the issue of which is expected to be successfully finalized in the beginning of 2011. Economic Analysis Directorate (EAD) activity during 2010 was characterized by advancing and expanding periodical and non-periodical CBK publications. In this context, the most important development was the first edition of the Financial Stability Report, which represents the continuity of the Financial Sector Bulletin, but with extended content, which enables presentation of a more completed picture in terms of the financial sector stability in the country. In addition to parts where developments in global and national economy are described (with focus on banking sector), the Financial Stability Sector also includes a number of specific analyses, which have treated specific segments relating to financial sector operation in the country. In 2010, EAD has also started the compilation of the macroeconomic sample for Kosovo economy. A significant progress was marked on ‘stresstest’ compilation for Kosovo banking sector, where in cooperation with the IMF mission, it
CBK Annual Report 2010 was managed to incorporate forecasts of the economic growth in assessment of credit risk and there has been a promotion to a rather advanced level of liquidity risk assessment. During this year, EAD kept compiling the quarterly assessment on regular basis, which is published in the Monthly Statistical Bulletin on quarterly basis. An economic statement on economic development for each quarter is given through this publication. Within the quarterly assessment, a specific analysis on developments in specific economic sectors was initiated in 2010. Balance of Payments Bulletin represents another periodical publication within the EAD activity, providing a statement on Kosovo balance of payment, including also developments in global economy and the macroeconomic developments in the country. Transformation of Swift Economic Indicators into Early Warning Indicators (EWI) was done in 2010. EWI represent an internal report which is compiled on monthly basis with purpose of informing CBK decision making authorities of new developments in the country, emphasizing the identification of possible risk for country’s economy. The Economic Analysis Directorate staff took part during 2010 in various local and international meetings and conferences, including some of the conferences organized by CBK. From the international conferences, it is worth mentioning the attendance of EAD staff in the European Economic Integration conference organized by Central Bank of Austria, attendance in IMF, Eurostat meetings, etc. | 87
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CBK<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2010</strong><br />
was managed to incorporate forecasts of the economic growth in assessment of credit risk<br />
and there has been a promotion to a rather advanced level of liquidity risk assessment.<br />
During this year, EAD kept compiling the quarterly assessment on regular basis, which is<br />
published in the Monthly Statistical Bulletin on quarterly basis. An economic statement on<br />
economic development for each quarter is given through this publication. Within the<br />
quarterly assessment, a specific analysis on developments in specific economic sectors was<br />
initiated in <strong>2010</strong>.<br />
Balance of Payments Bulletin represents another periodical publication within the EAD<br />
activity, providing a statement on Kosovo balance of payment, including also developments<br />
in global economy and the macroeconomic developments in the country.<br />
Transformation of Swift Economic Indicators into Early Warning Indicators (EWI) was<br />
done in <strong>2010</strong>. EWI represent an internal report which is compiled on monthly basis with<br />
purpose of informing CBK decision making authorities of new developments in the country,<br />
emphasizing the identification of possible risk for country’s economy.<br />
The Economic Analysis Directorate staff took part during <strong>2010</strong> in various local and<br />
international meetings and conferences, including some of the conferences organized by<br />
CBK. From the international conferences, it is worth mentioning the attendance of EAD<br />
staff in the European Economic Integration conference organized by Central Bank of<br />
Austria, attendance in IMF, Eurostat meetings, etc.<br />
| 87