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Abstract:
In this paper we will analyze the existence and impact of the Albanian stock market on the domestic economy. For many years, there has been a large gap in the Albanian financial market due to the lack of a proper stock exchange. Throughout this period, there have been several different initial efforts to create a marketplace that will connect companies that seek to raise capital with investors. The purpose of the stock market is to influence economic growth by moving money into as many different activities as possible. Nowadays the only functioning (working) stock exchange in the financial market is ALSE (Albanian Security Exchange). The goal of ALSE is to introduce a new cash flow culture in Albania. Stock market efficiency, securities price volatility and advanced financial analysis of individual investments in these equity market instruments are topics that always remain in the interest of researchers, private sector and governments. In this paper we focus on addressing the challenges and opportunities associated with the setting up and operating of ALSE. One of the conclusions we consider to be very important in promoting ALSE is the sensitization of the private sector, and the use of mechanisms that increase the transparency of financial information. The limitations of this paper are related to the lack of data and articles that have addressed the challenges of the stock exchange in Albania.
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