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Consumer Confidence in Financial Markets

Author

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  • Md. Kabir Ahmed Chowdhury
  • G.M. Abul Kalam Azad

Abstract

This paper makes an attempt to identify major factors, like currency forfeiting, loan default, capital shortfall, capital flight, etc which undermine consumer confidence in the financial services sector of Bangladesh. The paper also provides a review of different legislative and regulatory measures introduced by the authorities over the past years to strengthen consumer confidence in the financial markets, such as enhancing the security features of currency notes, deposit insurance, capital adequacy requirement, loan classification and provisioning, credit rating for raising capital and putting in place a mechanism for prevention of money laundering. [BB WP No. 0606].

Suggested Citation

  • Md. Kabir Ahmed Chowdhury & G.M. Abul Kalam Azad, 2010. "Consumer Confidence in Financial Markets," Working Papers id:3265, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:3265 Note: Institutional Papers
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    References listed on IDEAS

    as
    1. Eric M. Leeper, 1992. "Consumer attitudes: king for a day," Economic Review, Federal Reserve Bank of Atlanta, pages 1-15.
    2. Carroll, Christopher D & Fuhrer, Jeffrey C & Wilcox, David W, 1994. "Does Consumer Sentiment Forecast Household Spending? If So, Why?," American Economic Review, American Economic Association, pages 1397-1408.
    3. Jason Bram & Sydney Ludvigson, 1998. "Does consumer confidence forecast household expenditure? a sentiment index horse race," Economic Policy Review, Federal Reserve Bank of New York, issue Jun, pages 59-78.
    4. repec:idb:brikps:21318 is not listed on IDEAS
    5. repec:idb:brikps:21338 is not listed on IDEAS
    6. BELTRAN, Helena & DURRE, Alain, 2003. "The determinants of consumer confidence: the case of United States and Belgium," CORE Discussion Papers 2003053, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. Croushore, Dean, 2005. "Do consumer-confidence indexes help forecast consumer spending in real time?," The North American Journal of Economics and Finance, Elsevier, pages 435-450.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    financial services sector; Bangladesh; consumer confidence; consumer risks; financial markets;

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