Bangladesh Bank, the central bank and apex regulatory body for the country's monetary and financial system, was established in Dhaka as a body corporate vide the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) with effect from 16th December, 1971. At present it has nine offices located at Motijheel, Sadarghat, Chittagong, Khulna, Bogra, Rajshahi, Sylhet, Barisal and Rangpur in Bangladesh; total manpower stood at 4926 (officials 3910, subordinate staff 1016) as on December 31, 2011. | | |
Words: 1028 - Pages: 5
exchange market Answer: B Diff: 2 Learning Outcome: Summarize the roles of the international monetary system and global capital market Skill: Concept Objective: 1 2) The Bretton Woods Agreement established a system of fixed exchange rates under which each IMF member country set a ________. A) quota B) par value C) gold standard D) nominal interest rate Answer: B Diff: 2 Learning Outcome: Summarize the roles of the international monetary system and global capital market Skill:
Words: 6397 - Pages: 26
The Bank for International Settlements is the oldest international financial institution, established in 1930. It survived the conclusion of its major initial objective, a global economic depression, a world war and an ever changing international financial landscape. The BIS fosters international monetary and financial cooperation and serves as a bank for central banks. The BIS was established in the context of the reparation payments imposed on Germany by the Treaty of Versailles after the First
Words: 582 - Pages: 3
Structure of State Bank in Vietnam 2 1. History of State bank in Vietnam 2 2. Structure of State Bank in Vietnam 3 II. Operation of State Bank in Vietnam: 9 1. Monetary tools that State Bank use to moderate the Economics: 9 1.1. Open-market operation: 9 1.2. Discount, rediscount tool: 10 1.3. Required reserve: 11 1.4. Frame of interest rate 12 1.5. Selective credit control: 13 1.6. Imposing credit limit: 13 1.7. Supply fiat money: 13 2. How State Bank in Vietnam applied
Words: 4834 - Pages: 20
28th largest economy in the world in terms of purchasing power parity according to the World Bank. Malaysia has also successfully diversified its role by focusing her economy on both the traditional sphere of primary agricultural produce as well as being a hub for light manufacturing in consumer durables and electronics. Strong economic planning and farsighted vision by both the government and central bank has been instrumental in maintaining a strong growth rate of her economy; her combined year
Words: 2999 - Pages: 12
based on the euro, dollar, and RMB (Schwab, 2012). In order to ensure a crisis-proof economic system, however, some economists believe this tripolar system must be backed by a Central Bank, an improvement in monetary regulations, and perhaps an induction of gold as a hedge and safe-haven asset. Introducing a World Central Bank within a three-currency monetary union: would this lead to greater stabilization and coordination of Macroeconomic Policies among countries? Some countries such as Germany have
Words: 3274 - Pages: 14
The central bank in a developing country aims at the promotion and maintenance of a rising level of production, employment and real income in the country. The central banks in the majority of underdeveloped countries have been given wide powers to promote the growth of such economies. They, therefore, perform the following functions towards this end. Creation and Expansion of Financial Institutions: One of the aims of a central bank in an underdeveloped country is to improve its currency and credit
Words: 1766 - Pages: 8
various roles undertaken by the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) in helping to solve the euro zone Debt Crisis. European Central Bank (ECB) The ECB is one of the seven institutions of the European Union which was listed in the Treaty on European Union where it administers the monetary policy of the 17 EU members’ states where euro zone is consider one of the largest currency areas in the world. Founded in 1998, the central bank is one
Words: 2049 - Pages: 9
The role of Financial Market and Institution in the Economic Development of Bangladesh Financial market Financial market is created to satisfy particular preferences of market participants.Financial markets transfer funds from those who have excess funs to those who needfunds. That is they facilitate the transfer of funds from surplus unit to deficit unit .Because funding needs vary among deficit units, various financial markets have beenestablished. The primary market allows for the issuance
Words: 3420 - Pages: 14
P.R. Patel, (December-1994). “Branch Level Performance Of District Central Co-Operative Banks: A Study Of Ahmedabad District Central Co-Operative Bank”, Unpublished M.Phil. Dissertation, Vallabh Vidyanagar: S.P. University. The District Central Co-operating banks play a district and significant role in the development of agricultural co-operative credit. The DCCBs have acquired a position in the three tier structure of the co-operative credit institutions. While they are working at the middle
Words: 595 - Pages: 3
