Warnings of financial crisis: Consequences for Bangladesh
The global economy is strengthening and trade flows also have been showing signs of strong revival. But at the same time stock markets are continuing to rise stoking the fear that a new financial crisis is in the making. This fear primarily arises from the fact that underlying market fundamentals...
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Improving corporate ethical practices in banks
Financial crime is not a new phenomenon in the banking world. In both developed and developing economies such crimes are generally committed by bank's staff, customers and others. These include key stakeholders like the bank board, employees, clients, organised crime groups or influential sections and persons with whom banks have...
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The American Dream - based more on myth than on fact
Given worsening economic inequality in the United States, many observers might assume that Americans would want to reduce income differences by instituting a more progressive tax system. That assumption would be wrong because, in December, the US Congress passed a sweeping tax bill that will, at least in the short...
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Streamlining the state-owned banks
Private commercial banks (PCBS) were allowed to start business in Bangladesh in 1983, during the military regime of Lt. Gen. H M Ershad. The Arab Bangladesh Bank, the IFIC Bank, the Islami Bank Bangladesh Ltd and the National Bank Ltd were the four pioneers in private sector banking in the...
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Revamping manpower export
Overseas employment has been playing a pivotal role in the country's poverty reduction drive and in improving income distribution. It is indeed an important weapon in addressing the challenges of high circular debt, rising inflation, unemployment and other macroeconomic problems. On the external front, the economy is dependent on manpower...
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