The Target and Achievements of Private Sector Credit in Bangladesh: A Monetary Policy Analysis

Authors

  • Md. Moniruzzaman Muzib Mawlana Bhashani Science & Technology University
  • Muhammad Rabiul Islam Liton Mawlana Bhashani Science & Technology University
  • Md. Nazmus Sadekin Mawlana Bhashani Science & Technology University
  • Md. Abdul Latif Mahmud World University of Bangladesh

DOI:

https://doi.org/10.18034/gdeb.v3i2.162

Keywords:

Monetary policy statement, Private sector credit, Agricultural Credit, Growth, Investment gap

Abstract

This paper tries to assess the monetary policy on macroeconomic indicators in Bangladesh. The central bank declares monetary policy statement twice in every year to pursue its macroeconomic goals.  The assessment provides that during the sample period, monetary policy is not strong enough to control the inflation rate. In addition, policies did not appear itself as ignition to the investment process as well as the growth rate of GDP. This assessment leaves an interesting outcome: monetary policy is not independent and strong enough to pursue its macroeconomics goals.

JEL Classification Code: M51, M52

 

Downloads

Download data is not yet available.

Author Biographies

  • Md. Moniruzzaman Muzib, Mawlana Bhashani Science & Technology University

    Lecturer, Department of Economics, Mawlana Bhashani Science & Technology University, BANGLADESH

  • Muhammad Rabiul Islam Liton, Mawlana Bhashani Science & Technology University

    Lecturer, Department of Economics, Mawlana Bhashani Science & Technology University, BANGLADESH

  • Md. Nazmus Sadekin, Mawlana Bhashani Science & Technology University

    Lecturer, Department of Economics, Mawlana Bhashani Science & Technology University, BANGLADESH

  • Md. Abdul Latif Mahmud, World University of Bangladesh

    Lecturer, Department of Business Administration, World University of Bangladesh, BANGLADESH

References

Abdullah MN, Parvez K, Tooheen RB. Impacts of Monetary Policy on Inflation in Bangladesh Global Disclosure of Economics and Business. 2012;1(2):38-54.

Ahmed and Islam, (2004), “The Monetary transmission Mechanism in Bangladesh: Bank Lending and exchange Rate Channels” The Bangladesh Development Studies, Vol-XXX, Nos. 3&4, September-December, 2004.

Bangladesh Bank. 2014, Annual Report (various issues)

Bangladesh Bank. 2014, Major Economic Indicators (various issues)

Bangladesh Bank. 2014, Monetary Policy statement (Various issues)

Bangladesh Bank. 2014, Monthly Economic Trend (various issues)

Bangladesh Bank. 2014, Selected Indicators (various issues)

Chowdhury MT, Begum MH, Reza MR, Jannath TC. Micro Credit and Women Empowerment: A Study on Grameen Bank’s Strategy of Poverty Alleviation Global Disclosure of Economics and Business. 2013;2(2):142-157.

Chowdhury, S., Azam, K., & Islam, S. (2013). Problems and Prospects of SME Financing in Bangladesh. Asian Business Review, 2(2), 51-58. Retrieved from http://i-scholar.in/index.php/ABRABC/article/view/54450 DOI: https://doi.org/10.18034/abr.v2i2.111

Empirical Investigation of the Impact of Monetary Policy on Manufacturing Sector Performance in Nigeria (1986 –2012)

Hossain, M., & Hossain, M. (2013). Cost of Funds of Non-bank Financial Institutions in Bangladesh: Internal Factors Analysis. Asian Business Review, 2(2), 29-36. Retrieved from http://i-scholar.in/index.php/ABRABC/article/view/54447 DOI: https://doi.org/10.18034/abr.v2i2.108

Ministry of Finance (MoF). 2013, Bangladesh Economic Review, 2013. Dhaka, Bangladesh: Finance Division, Ministry of Finance, Government of Bangladesh.

Salia, P., & Mbwambo, J. (2014). Credit Characteristics and Business Performance: A Survey of Women Owned Microenterprises in Tanzania. Asian Business Review, 4(1), 12-21. Retrieved from http://i-scholar.in/index.php/ABRABC/article/view/54472 DOI: https://doi.org/10.18034/abr.v4i1.68

Sheel, A. 2014, A Monetary Policy Rule for emerging Market Economies, Economic And Political Weekly, Vol. XLIX, No.4

--0--

Downloads

Published

2014-12-31

Issue

Vol. 3 No. 2 (2014): July - December Issue

Section

Articles

License

The CC BY-NC 4.0 license lets others remix, tweak, and build upon your work non-commercially, and although their new works must also acknowledge & be non-commercial, they don’t have to license their derivative works on the same terms.
|| View License Deed ||
|| View Legal Code ||
 
Publishing paper with Global Disclosure in Economics and Business means that the author or authors retain the copyright in the paper.
This journal is granted an exclusive noncommercial reuse license by the author(s), but the author(s) are able to put the paper onto a website, distribute it to colleagues, give it to students, use it in your thesis, etc, so long as the use is not directed at commercial advantage or toward private monetary gain.
The author(s) can reuse the figures and tables and other information contained in their paper published by Global Disclosure in Economics and Business in future papers or work without having to ask anyone for permission, provided that the figures, tables or other information that is included in the new paper or work properly references the published paper as the source of the figures, tables or other information, and the new paper or work is not direct at private monetary gain or commercial advantage.

How to Cite

Muzib, M. M. ., Liton, M. R. I. ., Sadekin, M. N. ., & Mahmud, M. A. L. . (2014). The Target and Achievements of Private Sector Credit in Bangladesh: A Monetary Policy Analysis . Global Disclosure of Economics and Business, 3(2), 175-184. https://doi.org/10.18034/gdeb.v3i2.162
Crossref
Scopus
Google Scholar
Europe PMC

Similar Articles

1-10 of 81

You may also start an advanced similarity search for this article.