Challenges of price stability, growth and employment in Bangladesh: role of the Bangladesh Bank

M. Muqtada

ILO Working Papers from International Labour Organization

Abstract: This study is inspired by the current debate on whether central banks, especially in the developing world, should pursue a single mandate or dual/multiple mandates. It examines the Bangladesh Bank’s (BB) aspiration to adopt a multiple mandates approach. These include, besides the objective of price stability, the promotion of “output, employment and real income”. In recent years, the BB has widened its developmental role to play its part in the national strategy of “inclusive growth”, and is seeking to model itself as a developmental central bank. According to an ILO content-analysis study of objectives and missions of central banks, Bangladesh is cited among the very few countries where the central bank has an explicit development objective.

Keywords: economic reform; bank; monetary policy; price stabilization; employment security; réforme économique; banque; politique monétaire; stabilisation des prix; sécurité de l'emploi; reforma económica; banco; política monetaria; estabilización de los precios; seguridad en el empleo (search for similar items in EconPapers)
Pages: 45 pages
Date: 2015
New Economics Papers: this item is included in nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Employment working paper series

Downloads: (external link)
http://www.ilo.org/public/libdoc//ilo/2015/115B09_21_engl.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ilo:ilowps:994873053402676

Access Statistics for this paper

More papers in ILO Working Papers from International Labour Organization Contact information at EDIRC.
Bibliographic data for series maintained by Vesa Sivunen ().