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- W3142743526 abstract "This paper examines the exchange rate policy in Bangladesh for the period 2000-08. Regime classification of the paper suggests that Bangladesh maintained a de facto managed floating regime by intervening in the foreign exchange market on a regular basis. This is at odds with the Bangladesh Bank's claim of maintaining de jure floating regimesince end-May 2003. A high exchange rate pass-through is observed along with high market pressure during the period of expansionary monetary policy. Given the thin foreign exchange market and high pass-through effects, it appears difficult for Bangladesh to mainatin a freely floating regime. Although Bangladesh maintained average competitiveness, the currency remained somewhat overvalued. Based on the findings, some pragmatic policies in managing the exchange rate in Bnagladesh have been suggested." @default.
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- W3142743526 date "2009-01-01" @default.
- W3142743526 modified "2023-09-23" @default.
- W3142743526 title "Exchange Rate Policy under Floating Regime in Bangladesh: An Assessment and Strategic Policy Options" @default.
- W3142743526 hasPublicationYear "2009" @default.
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