CPD Working Paper 20
Exchange Rate Policy of Bangladesh
Not Floating Does Not Mean Sinking
The paper analyses the exchange rate policy of Bangladesh at that time under various criteria and then assesses the feasibility of a floating rate regime under these various criteria. It looks at factors such as the involvement with international capital markets, share of trade with the country/countries with which the currency is pegged, and nature of shocks facing the economy, the willingness and feasibility of giving up control of its monetary policy and the level of international foreign currency reserves.
Contributor: Mirza Azizul Islam
Publication Period: January 2003
