Navigating the global financial storm: challenges for Bangladesh

Mujeri, Mustafa K. and Shahiduzzaman, Md. (2008) Navigating the global financial storm: challenges for Bangladesh. Technical Report. Bangladesh Bank, Dhaka, Bangladesh.

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Abstract

The Bangladesh economy is largely shielded from the most immediate and direct effects of the financial crisis. However, Bangladesh's exposure to real economy effects of the financial crisis is likely to be greater through exports, remittances, and foreign capital inflow channels. The major sources are the projected slowdown in growth in the advanced economies which may lead to decline in exports (especially of readymade garments) since nearly 87 percent of Bangladesh's exports are destined to markets in advanced countries, remittances may ease as the source economies face lower growth and challenging times, aid inflow may reduce, and Bangladesh's macroeconomic stability and growth prospects may suffer. A liberalized, market based, and effectively supervised and regulated financial sector capable of generating quality information is necessary in order to promote and sustain rapid growth in Bangladesh. The important agenda for Bangladesh is to convert the current global crisis into an opportunity in order to move forward.


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Item Type: Report (Technical Report)
Item Status: Live Archive
Additional Information: Copyright © 2010 by Bangladesh Bank.
Depositing User: Mrs Greta Mula
Faculty / Department / School: Historic - Faculty of Business - School of Accounting, Economics and Finance
Date Deposited: 26 Jan 2011 12:22
Last Modified: 03 Nov 2014 02:19
Uncontrolled Keywords: financial crisis; global growth; economics; Bangladesh
Fields of Research (FOR2008): 14 Economics > 1402 Applied Economics > 140219 Welfare Economics
15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
14 Economics > 1402 Applied Economics > 140207 Financial Economics
Socio-Economic Objective (SEO2008): B Economic Development > 91 Economic Framework > 9101 Macroeconomics > 910108 Monetary Policy
B Economic Development > 91 Economic Framework > 9101 Macroeconomics > 910199 Macroeconomics not elsewhere classified
URI: http://eprints.usq.edu.au/id/eprint/6285

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