scholarly journals The Target and Achievements of Private Sector Credit in Bangladesh: A Monetary Policy Analysis

2014 ◽  
Vol 3 (2) ◽  
pp. 175-184
Author(s):  
Md. Moniruzzaman Muzib ◽  
Muhammad Rabiul Islam Liton ◽  
Md. Nazmus Sadekin ◽  
Md. Abdul Latif Mahmud
Keyword(s):  
Growth Rate ◽  
Monetary Policy ◽  
Central Bank ◽  
Inflation Rate ◽  
Jel Classification ◽  
Policy Statement ◽  
Sample Period ◽  
Classification Code ◽  
Macroeconomic Indicators ◽  
Investment Process

This paper tries to assess the monetary policy on macroeconomic indicators in Bangladesh. The central bank declares monetary policy statement twice in every year to pursue its macroeconomic goals.  The assessment provides that during the sample period, monetary policy is not strong enough to control the inflation rate. In addition, policies did not appear itself as ignition to the investment process as well as the growth rate of GDP. This assessment leaves an interesting outcome: monetary policy is not independent and strong enough to pursue its macroeconomics goals. JEL Classification Code: M51, M52  

scholarly journals Relationships between Inflation Rate and Market Value per Share of Commercial Banks: Evidence from Bangladesh

2017 ◽  
Vol 6 (2) ◽  
pp. 107-114
Author(s):  
Abu Nomaan Mohammad Minhajul Haque Chowdhury
Keyword(s):  
Commercial Banks ◽  
Inflation Rate ◽  
Market Price ◽  
Secondary Data ◽  
Market Value ◽  
Jel Classification ◽  
Coefficient Of Determination ◽  
Macroeconomic Variables ◽  
Average Percentage ◽  
Classification Code

The market value per share of financial institutions depends on a range of internal and macroeconomic variables. Inflation rate of a country is one of the macroeconomic variables that substantially influence the market price of share of the financial organizations. This study aimed at determining the relationship between inflation and market value per share of commercial banks in Bangladesh. Researchers used market value per share of 10 commercial banks and inflation rate for the period 2011 to 2015 as secondary data. A number of statistical tools (average, percentage change, median, maximum, minimum, standard deviation, coefficient of correlation and coefficient of determination) were used to find out the results. It was found that inflation of a country had significant positive effect on the market value per share of the selected commercial banks. JEL Classification Code: G 21

Disaggregated inflation rate in the monetary policy of the central bank

2017 ◽  
Vol 62 (1) ◽  
pp. 26-40
Author(s):  
Aleksandra Hałka
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Price Index ◽  
Inflation Rate ◽  
External Factors ◽  
Price Setting ◽  
Factors Affecting ◽  
Core Inflation ◽  
The Core ◽  
Setting Process

This article aims at presenting the results of the research concerning disaggregated price index in the assessment of inflation processes in Poland. Presented analysis shows that isaggregated approach allows for a fuller understanding of the nature of the price-setting process and etter identification of factors affecting inflation. The results indicate three conclusions. Firstly, a significant part of the inflation in Poland is dependent on domestic factors. Secondly, the core inflation rate should not be equated with the measure of demand pressures in the economy. Thirdly, a set of external factors affecting the price-setting process in Poland is relatively wide and distinct for different components of the price index.

scholarly journals PERKEMBANGAN INDIKATOR MAKRO EKONOMI KOTA BANDUNG KUARTA II-2019

2019 ◽  
pp. 943
Author(s):  
Teguh Santoso ◽  
Bayu Kharisma
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Quantitative Analysis ◽  
Inflation Rate ◽  
Descriptive Analysis ◽  
Participation Rate ◽  
Economic Management ◽  
Macroeconomic Indicators ◽  
Open Growth ◽  
Food Commodity

Analysis of the development of macroeconomic indicators is commonly done as an evaluation material and economic management strategy in the future. There are 3 macroeconomic indicators that are commonly used at the regional level, namely the rate of inflation, economic growth and employment. This study aims to conduct an analysis of the three indicators at the Bandung City level. The research method used is descriptive and quantitative analysis. Descriptive analysis is based on the movement of data presented through graphs and tables. While quantitative analysis is more focused on calculating the inflation variable projections and correlation analysis between macroeconomic variables. Based on the results of descriptive analysis, it is known that the Bandung City inflation indicator was relatively maintained in the second quarter of 2019. Even though there is a moment of Eid, the inflation rate is still under control, and even tends to decrease in June 2019. However, the inflation rate is predicted to increase in the third quarter of 2019. Food commodity inflation is predicted to occur due to the peak of the dry season in August-September. On the indicator of the rate of economic growth, the most recent data for 2017 shows a decline in the growth rate, by 7.21%. The achievement of economic growth is also the lowest since 2011. On the employment indicator, there is an irrelevant relationship between the Economic Growth Rate (LPE) Labor Force Participation Rate (TPAK), and the Open Growth Rate

scholarly journals THE OPTIMAL MONETARY POLICY INSTRUMENTS: THE CASE OF INDONESIA

2003 ◽  
Vol 5 (3) ◽  
pp. 56-70
Author(s):  
Yoga Affandi
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Inflation Rate ◽  
Policy Instruments ◽  
Primary Objective ◽  
Price Stability ◽  
Optimal Monetary Policy ◽  
Monetary Target

In 1999, the central bank of Indonesia, Bank Indonesia, gained its independence. The new Central Bank Act has established a more explicit foundation for Bank Indonesia’s independence. Firstly, goal independence, in which Bank Indonesia sets its own monetary target. Secondly, instrument independence, in which Bank Indonesia implements various policy instruments to achieve that target. The primary objective of Bank Indonesia (henceforth BI) is to achieve and maintain price stability reflected in a low and stable inflation rate.

scholarly journals The Business Opportunities and Constraints within the Printing and Graphic Arts Industry: A Study on Sylhet City

2014 ◽  
Vol 3 (2) ◽  
pp. 143-148
Author(s):  
Md. Moniruzzaman Muzib ◽  
Md. Mizanur Rahman
Keyword(s):  
Swot Analysis ◽  
Descriptive Analysis ◽  
Jel Classification ◽  
Government Support ◽  
Primary Data ◽  
Graphic Arts ◽  
Classification Code ◽  
Investment Process ◽  
Relationship Of ◽  
The Relationship

This paper investigates the growing competitive printing and graphic arts industry in Sylhet focusing on the investment process, employment opportunity, government support, and the others crucial factors of  market that are responsible in determining the industry volume through some statistical analysis. By looking on the opportunity and constraints of this industry, it addresses the preference of the customers as well as the limitation and potential for growth. Statistical significant association was tested by tools like descriptive analysis through the primary data, SWOT analysis etc. to examine the relationship of the considered variables and the prospect and constrictions of this industry has been analyzed with recommendation. JEL Classification Code: M00

scholarly journals The Dependence of China’s Monetary Policy Rules on Interest Rate Regimes: Empirical Analysis Based on a Pseudo Output Gap

2019 ◽  
Vol 11 (9) ◽  
pp. 2557
Author(s):  
Xiaoyu Zhang ◽  
Fanghui Pan
Keyword(s):  
Growth Rate ◽  
Monetary Policy ◽  
Interest Rate ◽  
Central Bank ◽  
Interest Rates ◽  
Policy Preferences ◽  
Output Gap ◽  
Policy Rules ◽  
Monetary Policy Rules ◽  
Nominal Interest Rates

Although a large number of scholars have studied the policy preferences and monetary policy rules of China’s central bank, most have found no evidence that China’s central bank has adjusted the nominal interest rates against the output gap. By constructing the pseudo output gap defined by the deviation of the real output growth rate and the target growth rate, this paper finds that China’s central bank prefers to adjust the nominal interest rates against the pseudo output gap. The monetary policy preferences and rules of China’s central bank in different interest rate regimes are investigated based on the threshold Taylor rule model. It is found that, in the high-interest-rate regime, the central bank adjusts the nominal interest against the inflation gap and the pseudo output gap, while in the low-interest-rate regime, there is no evidence that the central bank adjusts the nominal interest rates against the pseudo output gap. The lower bound of interest rate reduction and the weakening of interest rate policy effects caused by the liquidity trap of the interest rate are the possible reasons for China’s central bank not to adjust the nominal interest rates against the pseudo output gap.

scholarly journals Nexus of Money Function and Its Effect on Inflation Rate in Thailand and Indonesia

2018 ◽  
Vol 7 (3.21) ◽  
pp. 67
Author(s):  
Rudy Badrudin ◽  
. .
Keyword(s):  
Monetary Policy ◽  
Regression Analysis ◽  
Central Bank ◽  
Money Supply ◽  
Financial Market ◽  
Inflation Rate ◽  
Security Market ◽  
Inflation Target ◽  
Demand Deposits

This study aims to investigate the development function of money. At the beginning, function of money is a barter between two commodities, C and C'. Then this becomes C-M-C' when the money is once introduced. The M-C-M' occurs when a businessman utilizes the money (M) to produce commodity (C) and resells it to generate more money (M'). Finally, the trading process of M - M' shows the capital or financial market, like the money or security market. The development of the function of money is shown by the changes of the money supply that measured with the inflation rate. This study contributes to advise the central bank in Thailand and Indonesia in managing the role of the central bank's credibility in achieving the inflation target and the proposed rules on monetary policy. Based on the data of 1990-2015 and using ANOVA and the regression analysis (α = 5%) the results show that 1) there is a significantly difference between the currency outside, demand deposits, and quasi-money; 2) the currency outside and the demand deposits in-significantly affects on the inflation rate; 3) the quasi money in-significantly affects and significantly affects on the inflation rate in Thailand and Indonesia.  

scholarly journals Albania's Central Bank's Monetary Policy Has Failed

2019 ◽  
Vol 2 (2) ◽  
pp. 73
Author(s):  
Alqi Naqellari ◽  
Sokol Paҫukaj
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Trade Deficit ◽  
Negative Consequences ◽  
Internal Factors ◽  
Monetary Policies ◽  
Analysis And Synthesis ◽  
Macroeconomic Indicators ◽  
Liquid Trap ◽  
The Impact

The subject of this paper will be the Central Bank's monetary policy in terms of the Albanian monetary market. Its purpose will be to determine the effects of monetary policy, its consequences on some of the key macroeconomic indicators. From the analysis of data, it was found that the Central Bank's policy, which has its main objective, "achieving and preserving the level of prices", is applied in the conditions of an unequal monetary market, because the money market is almost divided equal to 50/50 between currency and local currency (All). These main internal factors, and other external factors, have made the monetary policy applied by the Central Bank to have no impact or have negative consequences on key macroeconomic indicators. Central Bank monetary policy is currently smothered. Some of the negative consequences are: the decline of the impact on the inflation indicator, the transition of the Albanian economy to the "liquid trap", the change in the structure of deposit usage in favor of debt instruments, decrease of deposits in total and deposits in lek, the decline in purchasing power of deposits, the reduction of credit and the change of their structure, consequently the reduction of productive investments, euro depreciation, trade deficit growth, etc. Under these conditions, only fiscal policies have an impact. In order for the Central Bank's policies to become effective, with concrete implications on the economic indicators, fundamental changes need to be made. First, change its main objective by having the main objective "currency stability and economic growth" secondly, to establish a fully state-owned commercial bank in order to support the monetary policies and key sectors of the economy. The methods used in this paper are the method of description, comparison, analysis and synthesis, statistical methods etc.

scholarly journals Causative Alliance between Monetary Policy, Inflation and Inflation Rate at Economic System in Pakistan

2015 ◽  
Vol 54 ◽  
pp. 110-114
Author(s):  
Muhammad Ibrar
Keyword(s):  
Monetary Policy ◽  
Unemployment Rate ◽  
Inflation Rate ◽  
Causal Relation ◽  
National Level ◽  
Significant Relation ◽  
Macroeconomic Variables ◽  
Macroeconomic Indicators ◽  
Effective Instrument ◽  
The Interest Rate

Purpose: This study examine both the monetary policy and inflation are the issues of high interest and importance, and how thus the studying them and their impact on the extension of the macroeconomic variables is a which are concerned for our culture/society.The purpose of this proposal is focusing to identifying the existing connections between the inflation rate and some important macroeconomic indicators /variables and also on the dynamics of inflation at a national level. The main objective of this study is to reveal the causal relation between the inflation rate and the interest rate of the monetary policy and also between the inflation rate and the unemployment rate,Conclusion: There is an inverse statistically significant relation between the inflation rate and the unemployment rate. This indicates that the inflation rate is an effective instrument in preventing the increase of in unemployment. Monetary policy has demonstrated.

scholarly journals The forecasts-based instrument rule and decision making. How closely interlinked? The case of Sweden

Equilibrium ◽  
2017 ◽  
Vol 12 (2) ◽  
pp. 295 ◽  
Author(s):  
Karolina Tura-Gawron
Keyword(s):  
Decision Making ◽  
Growth Rate ◽  
Central Bank ◽  
Inflation Rate ◽  
Value Added ◽  
Gdp Growth ◽  
Inflation Forecasts ◽  
Gdp Growth Rate ◽  
Central Paths ◽  
Repo Rate

Research background: The Central Bank of Sweden declared in years 1999–2006 the implementation of the Svensson’s concept of inflation forecast targeting (IFT). It means that the repo rate decision-making process depends on the inflation fore-casts. The concept evolved from the strict IFT with the decision-making algorithm called ‘the rule of thumb’ to the flexible IFT.Purpose of the article: The aim of the article is to: (1) analyze the influence of the inflation rate and GDP growth rate on the repo rate decisions, (2) analyze the influence of the inflation rate and GDP growth rate forecasts (in two year horizon) on the repo rate decisions in Sweden in years 1999–2006.Methods: The analysis encompasses the repo rates decisions, CPI inflation rate, GDP growth rate, central paths of CPI inflation forecasts and central paths of GDP growth rate forecasts (the mode values) in the two years horizon published by The Central Bank of Sweden in years 1999–2006. The studies are based on the Taylor-type instrument rule and forecast-based Taylor-type instrument rule. The methodology used is multiple linear regression models.Findings & Value added: The Central Bank of Sweden in years 1999–2006 implemented direct inflation forecast targeting (DIFT) rule. The decision-making algorithm was based on the CPI inflation forecasts and the rule of the thumb algorithm. The exact rule of the thumb was as follow: if the inflation forecast, in the two year forecast’s horizon exceeded the infla-tion target by 1 p.p., then the central bank raised the repo rate by 0.4 p.p; if it was below it, then the central bank reduced the repo rate by 0.4 p.p. If the inflation forecast was equal to the inflation target, then the repo rate remained unchanged. The historical repo rates differ from the theoretical estimated rule of the thumb’s repo rates by +/-0.28 p.p.

Sign in / Sign up

Export Citation Format

Share Document