IDEAS home Printed from https://ideas.repec.org/p/pdb/opaper/82.html
   My bibliography  Save this paper

Recent Monetary Policy Statement of Bangladesh Bank (July 2009): An Analytical Commentary

Author

Listed:
  • Debapriya Bhattacharya
  • Towfiqul Islam Khan

Abstract

This CPD paper examines the appropriateness of the monetary policy of the country (for July-December 2009 period) in view of the emerging challenges in the areas of inflation control, price stabilisation and exchange rate management, and at the same time comes up with a number of critical observations in this regard. The study highlights the need for bringing down the currently existing high interest rate, reduction of non-performing assets, mainstreaming of microfinance in the monetary policy, and improving compliance with Basel II requirements in view of the global financial crisis. It examines the context of global debates on role of the monetary policy, with particular focus on the issue of containing inflation and stimulating economic growth. It also deals with the challenges of utilising excess liquidity in the banking systems and disbursement of agri-credit.

Suggested Citation

  • Debapriya Bhattacharya & Towfiqul Islam Khan, 2009. "Recent Monetary Policy Statement of Bangladesh Bank (July 2009): An Analytical Commentary," CPD Working Paper 82, Centre for Policy Dialogue (CPD).
  • Handle: RePEc:pdb:opaper:82
    as

    Download full text from publisher

    File URL: http://www.cpd.org.bd/pub_attach/op82.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Partha Chatterjee & Malik Shukayev, 2006. "Are Average Growth Rate and Volatility Related?," Staff Working Papers 06-24, Bank of Canada.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Bangladesh Bank; Monetary Policy Statement; global debates on monetary policy;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pdb:opaper:82. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Avra Bhattacharjee). General contact details of provider: http://edirc.repec.org/data/cpdddbd.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.