Financial Sector of Bangladesh

Rashed Al Mahmud Titumir ()
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Rashed Al Mahmud Titumir: University of Dhaka

Chapter Chapter 4 in Numbers and Narratives in Bangladesh's Economic Development, 2021, pp 97-130 from Springer

Abstract: Abstract This chapter presents different indices to measure the health of the financial sector of the economy and underscores that the increasing non-performing loans and toxic assets in banking sector and the frequent scams in capital market exhibit a vicious cycle. Instead of enforcing legal remedies against the defaulters, the government is offering plethora of facilities in favour of the politically patronised resource dependent clienteles. Besides, the excessive borrowing by the government from domestic sources to finance the so-called mega-projects and repay the loans, in the backdrop of a very low tax-GDP ratio, has pushed the banking sector to a crisis of liquidity. The prevalent politically directed regulatory lax and discrepancies have caused malediction of volatility in the financial sector. The chapter also endeavours a comparative analysis with other developed and developing economies.

Keywords: Capital market; Regulation; Non-performing loans; Capital flight (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-0658-8_4

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DOI: 10.1007/978-981-16-0658-8_4

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