The ratio of liquid assets to short-term liabilities in October 2020 was 36.1 percent, which was high above the required regulatory minimum of 25.0 percent. In addition to the banking sector, microfinance and non-bank financial institutions also have an important role in the credit financing of Kosovo's economy, which mainly focus on providing microcredit.
The net result has been that central banks, who pre-GFC were required to focus on monetary policy with a single objective or at least one primary objective, namely, price stability, are now encouraged to add financial stability to their concerns and also financial inclusion. What is new?