The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters’ and national regulators’ response has been a global concerted effort to overhaul and tighten financial regulations....

This paper analyzes the causes of the 2008–2009 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. The analysis is conducted on a cross-section of 85 economies; I focus on international financial linkages that may have both...

With the revival of global economy, the issues of “exit policies†and rebalancing global growth have taken center stage in policy discussions. Since many emerging Asian economies presently have large current account surpluses, the issue of rebalancing has special significance for...

The present document seeks to trace the emerging trends in the Bangladesh economy in the fiscal year 2011-12 (FY12). To this end, the paper first establishes the benchmark conditions of the current fiscal year by sketching a consolidated picture of FY11 with an analysis of the year-closing data....

This year's budget speech set out a slogan : "Towards Building a Happy, Prosperous and Caring Bangladesh". It included a detailed narrative of past achievements. Contextualisation of global trends. A revised MTMF taking cognisance of the new realities. A comparative matrix of past promises and...

This Report puts forward recommendations emerging from the Conference on Development with Equity and Justice : Immediate Tasks for the Newly Elected Government organised by the Centre for Policy Dialogue (CPD). The Conference was held at the Bangladesh-China Friendship Conference Centre during...

Monetary policy is the process by which the central bank of a country controls the supply of money, the availability of money, and the cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy. Fiscal policy induced...

Both FY2007 and the ongoing FY2008 will go down as exceptional years in the history of Bangladesh. Fiscal year 2008 started its journey in the backdrop of the moderately high growth rate of 6.51 per cent achieved in FY2007. Experience of FY2007 was unique in the sense that it saw three...

The Centre for Policy Dialogue(CPD) has been carrying out the Executive Opinion Survey in collaboration with World Economic Forum (WEF) since 2001.This is the tenth survey. Along with WEF’s Executive Opinion Survey (based on questionnaires developed by the WEF) ,CPD also conducted seventh...

Yet applying our analytical techniques on the existing knowledge base, it can be deduced that in the global spectrum Bangladesh lies somewhere between the emerging economies and the low income (nonâ€oil exporting) countries. So it will have a mix of the possible impacts of the both sets of...