Navigating the Global Financial Storm: Challenges for Bangladesh
Published By: Policy Analysis Unit Bangladesh Bank | Published Date: November, 01 , 2008The present global financial crisis shows that there is no substitute of prudent government intervention and careful regulation even when market determined incentive structures operate. The pursuit of free financial sector nostrums does not guarantee against moral hazard, adverse selection, and the financial institutions to cause systemic distress. This does not mean that the financial sector should be administratively controlled and not be allowed the freedom to innovate, compete, and use market based incentives.
Author(s): Bangladesh Bank | Posted on: Jan 23, 2016 | Views() | Download (137)