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Full-Text Articles in Social and Behavioral Sciences
Transmission Linked To Structural Vulnerability: How Low-Income Countries Endured The Great Recession, Rachel F. Hartgen
Transmission Linked To Structural Vulnerability: How Low-Income Countries Endured The Great Recession, Rachel F. Hartgen
Electronic Theses and Dissertations
The implosion of the 2008 financial crisis ignited fears that integration would transmit the crisis’ effects throughout the global system. Examining two countries, Bangladesh and Zambia, this project shows that low-income countries with relatively little integration also saw negative impacts. This occurred through three main transmission mechanisms: trade flows, rising prices and financial flows that could have possible long-term effects at the macro and micro level. The manner and impact of each transmission mechanism, however, varied among LICs according to each country’s individual structural economic and financial vulnerabilities. Bangladesh saw a delayed impact but did not avoid the crisis completely, …
Workers’ Remittances And Real Exchange Rate In Bangladesh: A Cointegration Analysis, Mamta B. Chowdhury, Fazle Rabbi
Workers’ Remittances And Real Exchange Rate In Bangladesh: A Cointegration Analysis, Mamta B. Chowdhury, Fazle Rabbi
Fazle Rabbi
Workers’ remittances have an ever important role as one of the major sources of foreign exchange earnings for the Bangladesh economy. It accounts for over 12 per cent of GDP in 2010 and having colossal socio economic implications for the country. Using Cointegation an Error Correction model, this paper attempts to contribute to the literature by investigating the effects of increasing flow of remittances on the real exchange rate of the country. Our results suggest that the influx of workers’ remittances significantly appreciating the real exchange rate by lowering the relative prices tradables to nontradables of the country compared to …