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On the basis of contribution of central institution impact on economic development and efficiency, the report scrutinizes the development of Albania. The report may emphasize on the role of bank ‘as central institution’ in the development of an economy. Efficiency of the financial institution in the small economy of a country has vital part of the Albanian economy. Financial crises have also left effects on Albanian economy, from which one of the most important issue faced is, instability of financial market. This may have lot of impacts on the working of the financial institutions of Albania. Taking recent future research and results, which are derived from researchers and multiple studies, this report may have a detailed situation about the measures taken in Albania. In this phenomenon there was a full support by the government to bring stability in the country and to develop the economy. © 2015 Published by Future Academy www.FutureAcademy.org.uk

A Small Central Institution Increases Economic Development and Efficiency: Albanian Case compared with Regional Balkan States