New index for Dhaka bourse!

Designed by Standard and Poor's (S&P), the Dhaka Stock Exchange (DSE) is going to introduce a new index based on free float system (market cap of an index's underlying companies is calculated by taking the equity's price and multiplying it by the number of shares available for trading). After so many years, DSE found its existing index flawed! It will be interesting to observe how the new index incorporates the recent stock market debacle and hope, it will reflect in the new index too.  

News on the issue.  

Interview of YV Reddy !

Asjadul Kibria takes an interview of YV Reddy, the ex-Governor of Reserve Bank of India, where Mr. Reddy talks on diverse issue such as the need for globalized expertise for the central bank, the success of Bangladesh in various social indicators, and the need for close regional integration. He also talks on the role of monetary policy (the central bank) and its relation with fiscal policy (the finance ministry). A worth reading one! 

Link of the interview.  

Moody's Review of BD economy...

Global rating agency, Moody's Credit Outlook assesses Bangladesh financial sector while considering its link with real and external sectors.

A news report on the issue. 

American Tariffs, Bangladeshi Deaths!

Sanchita B Saxena, associate director of the Center for South Asia Studies at the University of California, Berkeley, writes on the link between tariffs imposed by US government on Bangladeshi RMG products and the final prices of those goods in the US market and tries to argue that low tariffs on imports from Bangladesh could play an encouraging inputs to Bangladeshi RMG producers to improve labor standards without losing its competitive advantage. She suggested this because US government has been urging the Bangladeshi government to raise wages and improve working conditions. I think, this is a right message. 

Link of the article.   

Profile of Jeffrey Sachs

In 'People in Economics' section in Finance and Development, a quarterly publication of IMF, Prakash Loungani writes the profile of Jeffrey Sachs, a leading development economist.

Link of the article.