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- Title
The Factors that Determine Financial Freedom of a Country: Case of Albania.
- Authors
GOGO, Gerta; BAHOLLI, Fiqiri; GJONI, Albana
- Abstract
This study is realized to identify the factors that impact a country's financial freedom. The data used in this paper are received from the Heritage Foundation database for 180 countries, aiming at the analysis of financial system freedom as an important measure of banking efficiency and independence from government control and intervention in the financial sector. Study findings showed that trade freedom, government integrity, and investment freedom play an important role in defining financial freedom. The role of government in financial freedom proved to be significant in the model. Legal efficiency and monetary freedom after the study did not prove important for determining the financial freedom of a country and consequently were removed from the model studied. Based on the findings of the study, the respective limits and recommendations are discussed.
- Subjects
ALBANIA; HERITAGE Foundation (Washington, D.C.); LIBERTY; CORPORATE finance; INTERVENTION (Federal government); DATABASES
- Publication
Balkan & Near Eastern Journal of Social Sciences (BNEJSS), 2023, Vol 9, p70
- ISSN
2149-9314
- Publication type
Article