Public debt is intended to bridge the gap between domestic savings and investment. This paper examines the effect of public debt on economic growth in Bangladesh using autoregressive distributed lag bound testing approach to cointegration. It finds a negative relationship between public debt and economic growth both in the short-run and the long-run. That is, a significant rise in the public debt in Bangladesh appears to be a burden for the economic growth controlling for other determinants of growth. The findings suggest that funds obtained through public debt are not utilized in the productive economic avenues which may improve the growth scenario in Bangladesh. Also, the adverse effect exerted by public debt may further be responsible for a reduction in investment and slower growth of capital stock, which eventually can hamper the labour productivity growth in the country in long run.
FDI fluctuations followed by GDP fluctuations in Kosovo and favoring particul...nakije.kida
This paper examines the main trends of FDI (Foreign Direct Investment) in Kosovo. Kosovo
as a country that had just emerged from war in 1999, with frequent changes of laws and
adoption of economic liberalization measures made very large strides in democracy and
international recognition of statehood. Fluctuations of FDI in Kosovo in the past 12 years link
these directly in the two macroeconomic indicators clearly express how important is the
stability of the country. GDP growth rate in Kosovo with a great opportunity for investors, one
more chance for the local population to find a new job. The perception of investors that there
is no risk to invest in Kosovo increased FDI flows. Success of Kosovo to boost foreign
investment becomes accessible if not delayed accession to the EU. All these factors have led
to a satisfactory level of the FDI in Kosovo, but economic and political context is crucial.
Kosovo has significant structural mismatch economy compared to countries in the region. This
information allows us to create a more favorable institutional framework for investment,
facilitates an investor to take a decision to invest quickly. From an investment perspective in
Kosovo economic structure, trends seen that capital to invest in some sectors. Investments in
the industrial sector (manufacturing) in mining, energy, construction, trade and services have
been attractive to foreign investors.
International Journal of Humanities and Social Science Invention (IJHSSI)inventionjournals
International Journal of Humanities and Social Science Invention (IJHSSI) is an international journal intended for professionals and researchers in all fields of Humanities and Social Science. IJHSSI publishes research articles and reviews within the whole field Humanities and Social Science, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Deeping investment cooperation, promoting industrial transformation between China and Caribbean countries as presented by Dr. Wu Qijin, Chief Executive Officer, China-LAC Cooperation Fund on July 10, 2017 at a conference titled, 'Chinese Renminbi in the Caribbean-Opportunities for Trade, Aid and Investment,' held at the Hilton Barbados Resort.
Colliers Vietnam Q1 2014 Investment Report: Read and follow the top economic indicators for Vietnam, M&A activity, and major developments in finance, banking, and legal. Published Monthly with contribution from LNT & Partners Law Firm.
Public debt is intended to bridge the gap between domestic savings and investment. This paper examines the effect of public debt on economic growth in Bangladesh using autoregressive distributed lag bound testing approach to cointegration. It finds a negative relationship between public debt and economic growth both in the short-run and the long-run. That is, a significant rise in the public debt in Bangladesh appears to be a burden for the economic growth controlling for other determinants of growth. The findings suggest that funds obtained through public debt are not utilized in the productive economic avenues which may improve the growth scenario in Bangladesh. Also, the adverse effect exerted by public debt may further be responsible for a reduction in investment and slower growth of capital stock, which eventually can hamper the labour productivity growth in the country in long run.
FDI fluctuations followed by GDP fluctuations in Kosovo and favoring particul...nakije.kida
This paper examines the main trends of FDI (Foreign Direct Investment) in Kosovo. Kosovo
as a country that had just emerged from war in 1999, with frequent changes of laws and
adoption of economic liberalization measures made very large strides in democracy and
international recognition of statehood. Fluctuations of FDI in Kosovo in the past 12 years link
these directly in the two macroeconomic indicators clearly express how important is the
stability of the country. GDP growth rate in Kosovo with a great opportunity for investors, one
more chance for the local population to find a new job. The perception of investors that there
is no risk to invest in Kosovo increased FDI flows. Success of Kosovo to boost foreign
investment becomes accessible if not delayed accession to the EU. All these factors have led
to a satisfactory level of the FDI in Kosovo, but economic and political context is crucial.
Kosovo has significant structural mismatch economy compared to countries in the region. This
information allows us to create a more favorable institutional framework for investment,
facilitates an investor to take a decision to invest quickly. From an investment perspective in
Kosovo economic structure, trends seen that capital to invest in some sectors. Investments in
the industrial sector (manufacturing) in mining, energy, construction, trade and services have
been attractive to foreign investors.
International Journal of Humanities and Social Science Invention (IJHSSI)inventionjournals
International Journal of Humanities and Social Science Invention (IJHSSI) is an international journal intended for professionals and researchers in all fields of Humanities and Social Science. IJHSSI publishes research articles and reviews within the whole field Humanities and Social Science, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Deeping investment cooperation, promoting industrial transformation between China and Caribbean countries as presented by Dr. Wu Qijin, Chief Executive Officer, China-LAC Cooperation Fund on July 10, 2017 at a conference titled, 'Chinese Renminbi in the Caribbean-Opportunities for Trade, Aid and Investment,' held at the Hilton Barbados Resort.
Colliers Vietnam Q1 2014 Investment Report: Read and follow the top economic indicators for Vietnam, M&A activity, and major developments in finance, banking, and legal. Published Monthly with contribution from LNT & Partners Law Firm.
Socio-economic Impact of Remittance on Households: A Study on Khulna, Bangladeshiosrjce
Foreign remittance to Bangladesh now become one of the vital sources of foreign exchange earnings
and it also plays a significant role by reducing the foreign-exchange constraint and improving the balance of
payments, ensuring imports of various types of capital goods, and raw materials for industrial development.
Furthermore, it has also increased the supply of savings and investment for capital formation and development
in country’s economic condition and thus it accelerates economic development of a country. But this study
attempted to evaluate the impact of foreign remittances on socio-economic condition of households in Khulna
city. This paper uses various data of households of Khulna city to analyze the impact of foreign remittances on
the socio-economic condition of households. The results of this analysis were compared to those households
who do not receive remittances to clearly identify the decision of the households to spend remittances in
different sector. Unlike to other studies, this study reveals that households receiving remittances spend less on
food consumption, consumer durables and other consumer goods than do households who do not receive any
remittances. This study finds that households receiving remittances spend heavily on various investment
activities like land purchase, building construction, other investment activities and this investment constitutes
more than half of the remittances received during the last 12 months counted from August 2012 to July 2013.
This study also finds that households receiving remittances in Khulna city spend more on education than do
households having no remittances which is a good sign of any economy as investment in education is treated as
investment in human capital. However, this study also finds that foreign remittances help households to spend
more on social ceremonies, households’ services and electrical goods which indicate improved living standard
and socio-economic condition.
Mobile banking is one of the latest tools for easy and convenient banking in the current world. Day to day mobile payment and banking has become popular in Bangladesh. “Mobile Banking System in Bangladesh: A Closer Study” is the title of this assignment. The main objective of the study is to take a fresh look at the current M-Banking situation in Bangladesh and prospect of mobile banking in Bangladesh also highlight some recommendations for rendering M-banking services effectively. Mobile Banking is a Banking process without bank branch which provides financial services to unbanked communities efficiently and at affordable cost. To provide banking and financial services, such as cash-in, cash out, merchant payment, utility payment, salary disbursement, foreign remittance, government allowance disbursement, ATM money withdrawal through mobile technology devices, i.e. Mobile Phone, is called Mobile Banking. “Dutch-Bangla Bank Limited” (DBBL) has for the first time introduced its mobile banking service expanding the banking service from cities to remote areas. Currently many bank are providing this service and some bank are going to lunch this M-banking service. Among them “BRAC Bank Limited” mobile banking service named Bkash, Banglalink, Dhaka Bank and Western Union”, “Dutch-Bangla Bank Limited” services are most popular.“Bangladesh Post Office”, also provide mobile money services seems like m-banking. Mobile banking is not available on every device and still some popular bank does not provide mobile banking at all. The most potential customer of mobile banking is rural people. About 35% of mobile banking consumer are highly satisfied with present mobile banking service.After analyzing collected data eventually put some recommendation that may be proposed for further improvement of Mobile Banking in Bangladesh. In recommendation to reduced M-Banking limitation all banks should provide this opportunity, Government should provide help about mobile banking. Banks can use all mobile operators to make more available in all over the country. Also they should provide User guide to make easier the use of b-banking to all intended customers.
Bangladesh is one of the top recipient countries of remittance. This report contains the remittance process maintained by DHLB. This report was a prepared to obtain a better picture of the remittance process that is maintained by a large MNC which are frequently using the existing procedure. DHL is part of the world's leading postal and logistics Group, Deutsche Post DHL. DHL is present in over 220 countries and territories across the globe, making it the most international company in the world.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Cashless Policy and Financial Performance of Deposit Money Banks in Nigeriaijtsrd
The study investigated the effect of Central Bank of Nigeria Cash less Policy and the Financial Performance of Deposit Money Banks in Nigeria. A panel data were collected from a sample of 14 banks covering 6 years spanning from 2012 when the policy was introduced in Nigeria to 2017. The study used return on Asset as proxy for bank performance while the value transactions done through the ATM, POS, Internet Banking, NIP and NEFT platforms E banking Products were used to proxy cash less policy. In other to ensure the validity and the reliability of our data, we therefore subjected our data to a diagnostic test using Descriptive Statistic Analysis, Multicolinearity test, Correlation testing, and Herteroskadaticity testing. Findings from the study revealed that that ATMV has a positive and significant effect on return on assets ROA of banks in Nigeria while , POSV, WEBV, NIPV and NEFV were found to have a positive but insignificant effect on ROA of quoted banks in Nigeria. The study concluded that E banking products as a proxy for cash less policy has positive effect on the financial performance of Deposit Money Banks in Nigeria. It was thus recommended among others that bank management should pay more attention on the activities that will improve the ATM services if they wish to increase the ROA. Muotolu, Peace Chikwemma | Nwadialor, E. O ""Cashless Policy and Financial Performance of Deposit Money Banks in Nigeria"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-4 , June 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23835.pdf
Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/23835/cashless-policy-and-financial-performance-of-deposit-money-banks-in-nigeria/muotolu-peace-chikwemma
Implementing the aspects of financial inclusion in the phase of demonetisatio...IJLT EMAS
The concept of ‘financial inclusion’ was introduced by
the reserve bank of India in April 2005 with an objective of
delivering financial services to the economically challenged and
underdeveloped segment of the society at an affordable rate. RBI
encouraged the formal banking sector as well as the microfinance
sector to provide soft loans and savings facilities especially to the
poor with a flexible documentation process to attract them under
the umbrella of RBI. This will not only improve the financial
stake of the low-income group of the country, but also ensure
them a safe investment and will increase the portfolio size of the
bank and NBFCs. In 2014, The Government of India announced
‘Pradhan Mantri Jan Dhan Yojna” to expand the financial
inclusion project by bringing more people under banking and
banking spread sector. On 8th November 2016, Mr Narendra
Modi, Prime minister of India ceased 500 and 1000 rupee notes
as legal tender which can be termed as demonetization. Although
the immediate mission was to eradicate black money, fake money
and terror financing; it can be considered as a way forward to
the ‘Jan Dhan Yojna” and hence can be used as a strategy
instrument of imposing financial inclusion across the country.
This paper examines the advantages and disadvantages of
demonetization in implementing financial inclusion in India. In
spite of the fact that demonetization will force the people to make
their transaction through bank and NBFCs , there are serious
challenges like the liquidity crunch of the cash based segment of
the economy, the bank and digital literacy issues etc. In this
paper the challenging issues have been addressed as well as the
bottleneck of financial inclusion in post-demonetization period
has been discussed by identifying the crucial parameters like
percentage of people having bank account, the percentage of
people uses mobile and /or internet, the literacy percentage of the
country, the policy of the banks, the documentation requirement
of the bank and feasibility of the poor section etc.
1. Remittance Markets – Bangladesh experiences
Nazneen Sultana
Deputy Governor
Bangladesh Bank (the central bank of Bangladesh)
Honorable chair, fellow panelists, distinguished guests, ladies and gentlemen, a very
good afternoon and warm greetings to you all. My heartfelt thanks to the organizers of
Global Forum on Remittances and Development 2015. I feel proud of being a
participant on behalf of Bangladesh and its Central Bank, Bangladesh Bank.
1. The remittance from migrant workers creates one of the most important sources
of foreign exchange and is playing a vital role in economic activities of
Bangladesh. Bangladesh is one of the core suppliers of migrant workers who are
spread almost all over the world and one of the top 10 remittance receiving
countries (8th in 2014) in the world (World Bank, 2014). The inflow of
remittance has increased gradually in recent years from $3.37billion in FY 2003-
04 to $14.23 billion in 2013-14, which is over 11 percent of Gross Domestic
Products. Remittances contribute to economic growth through their positive
impact on consumption, savings and investment.
2. Cross border payments are normally executed by banks worldwide. To facilitate
remittances through alternative channels – exchange houses/MTOs (Money
Transfer Operators), Bangladesh Bank formulated policy guidelines in 2007 for
banks to establish drawing arrangements with overseas exchange houses.
Bangladesh Bank encouraged local banks to establish own exchange houses
abroad as well. Presently, our banks actively are working with around 980
overseas exchange houses. Moreover, our banks have also opened their own
exchange houses at different strategic locations of the world. The number of own
exchange houses at present is 32 operating worldwide.
3. Massive financial inclusion works began in Bangladesh in 2010. As a part of this
program, different visible achievements are Bangladesh Electronic Fund Transfer
Networks (BEFTN), online banking, Mobile Financial Services (MFS), agent
banking, 10-Taka bank account for farmers, school banking etc. which help easy
delivery of remittances.
2. For example, Mobile Financial Services (MFS) are very recent innovation of
Bangladesh Bank, which brought a new revolution in electronic transactions of
inland remittances. The number of accounts under mobile banking has doubled in
one year to reach the figure of 25.86 million out of about 100 million adult
people. 19 banks have been servicing this program through their 543 thousand
agents and 9 more banks to come with MFS. The working people of urban areas
can now remit their income to their family members living in rural areas through
the system of mobile banking which records transactions of about $47 million per
day, which is growing fast. The inland remittance services also facilitate delivery
of wage remittances channeled by banks.
4. Along with MFS Bangladesh Bank has permitted Post Offices and Microcredit
Financial Institutes (MFI) to run inward remittances. Banks are now using MFS,
branch networks of the MFIs and Post Offices as the sub agent for remittance
distribution. Remittances are also distributed through Agent Banking service like
Singer Bangladesh Limited outlets. All these payment facilities have virtually
eliminated the informal remittance inflows. Furthermore, I specially want to
mention here that Bangladesh Bank has established a separate department titled
‘Financial Integrity and Customer Interest Protection Department’ to handle any
complaints and suggestions by the customers or any stakeholders at home and
abroad to ensure the smooth services. There is a hotline 16236 to address
customers’ complaints if any. NRB's (Non Resident Bangladeshi's) complaints
are given highest priority.
5. Bangladesh Bank is at careful watch over the banking operations including all Fx
transactions through online reporting system. Under the system, Bangladesh
Bank closely monitors inward and outward remittance flows. This also ensures
proper delivery of inward remittances to the ultimate beneficiaries.
6. The role of remittances in the economies of man power sending countries like
Bangladesh is very important. It is viewed as a very stable source of foreign
exchange. The foreign exchange receipts help Bangladesh to bridge the gap of
trade balance, improve its balance of payments position and strengthen foreign
exchange reserves. At the micro level, remittances contribute towards increasing
the income of receiving households with concurrent effects on the standard of
3. living, while depending upon consumption patterns they have been known to
increase the level of savings which is a source of capital. Thus, in Bangladesh
remittances have a great potential to generate positive economic and social
impacts.
7. Let me conclude with the words that Bangladesh has been one of the prominent
remittance receiving countries throughout the last decade. It is reasonable to
think that wage remittances are able to have a meaningful impact on the growth
of Bangladesh economy. In Bangladesh, unemployment situation is one of the
most alarming economic indicators. In this case, migration along with consequent
remittance is related with employment and earning of foreign currency. Hence,
remittance is a vital issue for our over-populated country. We are giving proper
attention to this issue for further increase in foreign reserves, national savings and
investments.