To understand the appropriate regulatory response to the crisis, we start from the basic market failures that justify regulation in financial markets. Neglecting these first principles contributed to the market and regulatory failures. Regulation that induces better outcomes through creating...

Stricter regulatory surveillance in emerging market economies (EMEs) largely insulated their financial systems from the crisis. Development and convergence of regulatory apparatus has been rapid. In some respects, EMEs may be closer to new global norms. The development of financial markets,...

To understand the appropriate regulatory response to the crisis, we start from the basic market failures that justify regulation in financial markets. Neglecting these first principles contributed to the market and regulatory failures. Regulation that induces better outcomes through creating...

Over the last year we have been commemorating the 40th year of Bangladesh’s independence. In these 40 years Bangladesh has registered many gains for which we should feel proud. We have established a globally competitive garment industry moved ahead of India in particular areas of human...

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...

Sustainable poverty reduction requires employment generating economic growth with an emphasis on the development of human capital to empower the poor to participate in the growth process. Mobilising resources for poverty reduction programmes may not bring expected results unless policymaking and...

Bangladesh g joined the LDC category in 1975 along with Central African Republic and Gambia. Starting with 25 countries, the current LDC list comprises of 49 countries : 33 in Africa, 13 in Asia Pacific & 1 in Latin America. Three eligible countries declined to be an LDC : Ghana, Papua New...

Bangladesh came into being following more than two decades of political struggle culminating in the war of independence in 1971. This struggle was inspired by a vision for a democratic, non-communal, prosperous, and equitable society. After 15 years of parliamentary democracy, it is reasonable...

Macroeconomic management in FY2009-10 had to confront and address the twin tasks of reviving the investment which had slowed down the GDP growth performance in the recent past, and responding to the lagged impact of the global financial crisis with its demonstrated adverse consequences for...