Liquidity shortage and Bangladesh Bank

A timely article "Liquidity: Is there a shortage?" by Professor M.A. Taslim, clearly explains why there is a liquidity shortage in the money market and reminds the core role of the monetary authority, Bangladesh Bank, along with its unconventional approaches.

Thanks to Syed A-Helal Uddin for the notification!

Food inflation and developing Asia

Asian Development Bank (ADB) publishes a report 'Global Food Price Inflation and Developing Asia' with Bangladesh as one of the reference country. It provides the trends of rising food prices, country-specific reasons for higher food prices and finally a few numbers on the impact of food prices on GDP growth, and poverty. Finally, it gives policies (short term as well as long term) for enhancing food security.

Hope it is useful for you.

Global economy: An inflated outlook

The Financial Times publishes an article " Global Economy: An inflated outlook" with special reference of rising Chinese wages and its implications for global inflation in the coming years. An interesting article on global linkages among economic variables.

Here is the link. 

Regulators, please wake up now!

You know, still, the stock market trading is not happening in a fair setting. I am sharing some developments of a few Z-category share prices over the last one month and more with you to know.

Name	Price (Tk)	Price (Tk)	% change
1. All Textile	134 (March 15)	339 (April 13)	153.0%
2. Delta Life Insurance	28701 (March 8)	33900 (April 13)	18.1%
3. Dulamia Cotton Spinning	182 (March 1)	460 (April 13)	152.7%
4. Islami insurance	361 (February 28)	716 (April 13)	98.3%
5. Provati insurance	390 (March 2)	717 (April 13)	83.8%
6. Safko Spin	306 (March 3)	680 (April 13)	122.2%
7. Samata Leather	130 (March 1)	308 (April 13)	136.9%
8. Savar Refractories	425 (March 3)	932 (April 13)	119.3%
9. Renwick Jajneswar	581.5 (March 3)	1208 (April 13)	107.7%

And again the question comes what the regulator is doing now! Surprise, surprise!

Macro-Financial Stability in the New Normal

The Macro-Financial Unit in the international Monetary Fund (IMF) Research Department has organized an academic conference, where leading economists presented their works based on the issue of macro-financial stability in the wake of global economic crisis, shed light on lessons learned from the crisis, and provide policy suggestions. 


Here is the link for all the papers! 

World Development Report 2011

The World Bank publishes its annual flagship publication 'World Development Report (WDR) 2011: Conflict, Security and Development.' This year, WDR examines the changing nature of violence in the 21st century, and underlines the negative impact of repeated cycles of violence on a country or region’s development prospects. 

Here is the link! 

Of the 1%, by the 1%, for the 1%

Joseph Stiglitz writes about concerns pertaining to income inequality of United States in this article.

Investigation Report of Stock Market Scam

bdnews24.com publishes a major part of the original investigation report of recent stock market scam in Bangladesh, submitted to the Finance Minister. So, you can read, and know the the biggest scam in the history of this country; and, if possible, enjoy the whole process. :-)

Here is the link! 

Book: poverty and sustainable development in Asia

Asian Development Bank (ADB) publishes a new book 'Poverty and Sustainable Development in Asia: Impacts and Responses to the Global Economic Crisis' with so many articles on the topics. Some of you may find the book useful!

Asian Development Outlook 2011

Asian Development Bank publishes its annual Asian Development Outlook (ADO) 2011 which provides a comprehensive analysis of economic performance for the past year and offers forecasts for the next 2 years for the 45 Asian economies that make up developing Asia.


ADO 2011 emphasizes two important challenges that developing Asia must resolve to sustain the inclusive growth that is needed to eliminate poverty in the region. The immediate problem is tackling rising consumer price pressures. Inflation's insidious effects call for preemptive action to contain it before it begins to accelerate. The poor are the most vulnerable, particularly from rising food prices.


Here is the link of ADO 2011.

One may find the Bangladesh chapter in ADO 2011 here. 

Development in remittance inflows

Although the country's remittance inflow reached a record $1.09 billion in a single month in March 2011, basically because of a return of many expatriates from the Middle East, remittance growth during July-March FY2011 was lower compared to the corresponding period of FY2010.


Here is the news from the Daily Star. 

Who are responsible for recent stock crash?

'Who are responsible for stock market scam' - -there are a number of views around. Some experts view that the responsibility partly goes on the shoulder of the central bank as it failed to play its role at the right time (or, played unnecessarily at the wrong time), probably not by its own judgement but guided by outsiders. Dr. Monzur Hossain, a research fellow from Bangladesh Institute of Development Studies (BIDS) wrote in the Daily Star blamed the Bangladesh Bank with some good arguments.  Here is the link of his article.

Today, the Financial Express published a report, which  tells that there was in fact a scam in recent stock market crash and the Security and Exchange Commission (SEC) was solely responsible for that as a section of top SEC officials allowed vested quarters to make the best use of illegal practices, as said by none other than Probe Body Chief Khandaker Ibrahim Khalid.  Here is the link of the report! 

So, cheers for truth!

Measuring informal sector

Asian Development Bank (ADB) recently published a book namely 'A Handbook on Using the Mixed Survey for Measuring Informal Employment and the Informal Sector' which  includes, among other countries, Bangladesh as surveyed country, may be a useful one.

Here is the whole book!