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

 

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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

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Bangladesh Bank. 2014, Selected Indicators (various issues)

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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

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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

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Published

2014-12-31

Issue

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

Section

Articles

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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
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