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Current Account Dynamics, Adjustment and Capital Mobility in Bangladesh

Global Disclosure of Economics and Business

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Title Current Account Dynamics, Adjustment and Capital Mobility in Bangladesh
 
Creator Alam, Mohammad Masud
Khondker, Rezai Karim
Molla, Mohammad Shahansha
 
Subject current account dynamics, capital mobility, Bangladesh
 
Description This paper examines current account (CA) dynamics, its relationship with the degree of capital mobility and the state of integration of the Bangladesh capital market with the global capital market. For the period 1976-2012, findings of AR (1) process shows a rigid CA position along with its slow adjustment and its inflexibility against real shocks, lower degree of capital mobility and a slow progress of capital market integration with the rest of the world. Compared to the period of fixed exchange rate regime, lesser degree of  rigidity has been observed during the flexible exchange rate period suggesting a smooth and flexible current account position; but shows an increased degree of rigidity and capital immobility for the overall time period under consideration. These findings reveal some important policy implications in respects of current and capital account liberalization, deregulation of domestic markets and removing entry barriers on the part of Bangladesh to boost up FDI and remittance inflows.JEL Classification Code: F32, E22  Handle: http://hdl.handle.net/20.500.11903/gdeb.v2n2.4
 
Publisher i-Proclaim
 
Contributor —
 
Date 2013-12-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://i-proclaim.my/archive/index.php/gdeb/article/view/141
 
Source Global Disclosure of Economics and Business; Vol 2, No 2 (2013): 4th Issue; 117-126
2307-9592
2305-9168
 
Language eng
 
Relation http://i-proclaim.my/archive/index.php/gdeb/article/view/141/139
 
Rights Copyright (c) 2016 Mohammad Masud Alam, Rezai Karim Khondker, Mohammad Shahansha Molla
http://creativecommons.org/licenses/by-nc/4.0