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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Thursday, November 29, 2012

Mankiw reads Obama's mind!

Professor Gregory Mankiw reads, in his own way, President Obama's confused mind (one is the Moderate Obama and the other is the Liberal Obama) on fiscal cliff related issues! Interesting...

Here is the link. 

Tuesday, November 13, 2012

Growth Report on Bangladesh, WB

World Bank, Dhaka office publishes its growth report 'Towards Accelerated, Inclusive and Sustainable Growth in Bangladesh'. The main points of the reports are as follows:

  • In spite of global shocks and natural crises, Bangladesh’s economy has maintained a healthy 6%-plus plus growth rate in past years and significantly reduced the number of absolute poor. 
  • Bangladesh now needs to accelerate GDP growth to 7.5% to 8% and sustain 8% remittance growth to reach its aspiration of middle-income country status by next decade. 
  • The distribution of economic opportunities across all population groups, and particularly those at the bottom, needs to improve in order to make middle-income country status meaningful.

World Bank link on the report.

Tuesday, November 6, 2012

State of Governance in the banking sector

Centre for Policy Dialogue (CPD) published a paper 'State of Governance in the Banking Sector: Dealing with the Recent Shocks', focusing on the challenges confronting by the banking sector of Bangladesh, especially by the State-owned commercial banks (SCBs) in view of the recent Hall Mark scandal. The paper also judges the credibility of SCBs and provides relevant recommendations.

Here is the link of the paper.
Link of the seminar news on the paper. 

Chief Economist, BB

Bangladesh Bank has appointed Dr. Hassan Zaman as the Chief Economist, who was Economic Adviser to the Governor since August 2011 and later promoted to Senior Economic Adviser to the Governor.

A short profile of the Chief Economist.