Trends and Characteristics of the Securities Issued by the Government of Kosovo
Authors: Albulena Mustafa Zatriqi, Rahmije Topxhiu, Safet Merovci-corresponding author
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.