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المؤلفMohsin Ali, M.
المؤلفKamrul Hassan, A. F. M.
تاريخ الإتاحة2009-11-25T12:41:33Z
تاريخ الإتاحة2015-01-19T08:46:02Z
تاريخ النشر2008-09
اسم المنشورStudies in Business and Economics
الاقتباسStudies in Business and Economics, 2008, Vol. 14, No. 2, Pages 5-24.
معرّف المصادر الموحدhttp://hdl.handle.net/10576/6851
الملخصThis paper examines the factors that determine the level of financial development in Bangladesh. Three indicators of financial development are used as dependent variables: broad money, private credit and total bank liability-all percentage of Dross Domestic Product (GDP). Interest rate differential, trade openness, inflation, and exchange rate are included in the regression model as explanatory variables. Dependent and independent variables are found cointegrated and their short run adjustments are also found statistically significant. Among the variables, only interest rate differential is found insignificant. Inflation and exchange rate affect the level of financial development significantly irrespective of indicator selected. Trade openness significantly affects financial development when broad money and private credit indicators are used, but in case of bank liability it is found insignificant. The m- paper also examines the impact of financial sector reform program (FSRP) initiated in on financial development. The study finds that FSRP negatively affects financial development. The policy prescriptions that follow from the findings are to maintain inflation at a low level .and increase the integration of the economy wuh rest of the world
اللغةen
الناشرQatar University
الموضوعError Correction Mechanism
العنوانDynamics of Financial Development in Co-Integrated Error Correction Mechanism (Ecm): Evidence from Bangladesh
النوعArticle
الصفحات5-24
رقم العدد2
رقم المجلد14


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عرض بسيط للتسجيلة