Sharjil Haque

Detractors can fret about instability and balance of payment difficulties, but make no mistake, such risks will remain contained if capital controls are relaxed gradually (following a medium-term plan) and political conditions remain, by and large, stable. In fact, some of the foundations that merit a more liberal foreign exchange regime are already in place.

If studies by Columbia University's Jagdish Bhagwatiand and IMF's Pierre-Richard Agenorare are to be believed, restrictions on foreign trade and capital flows gave birth to generations of these illegal markets across the world.

If you thought Brexit was a fluke, then think again. The new game in town, populism, paved the way for Donald Trump to capitalise on economic and social frustrations of the forgotten blue-collar American....

Stock markets really are strange beasts. Those of us observing global financial markets expected stock investors to run for cover and scurry off towards safe havens like the Swiss Frank, Japanese Yen, US treasuries and gold following Donald Trump's shocking ascension to US presidency.

Cash is king in India, or at least it was. In one single sweep Narendra Modi just scrapped two high-value bank notes in the Indian economy in an all-out war to flush out black money, fight tax evasion and eradicate counterfeit notes that were being used by terrorists.

Global foreign exchange markets just took a hammering from Britain's shocking exit from the EU. In our own neck of the woods, the

It should not be surprising that private sector investment's share in GDP is shrinking. Banks are drowning in excess cash to the point where call money rate collapsed to historic lows.

Imagine paying interest to save money. A bizarre idea that was once theoretical curiosity is now a stark reality in several economies of the developed world...

In Fiscal Year (FY) 2014-15, global sovereign rating agencies Moody's, Standard & Poor's and Fitch assigned Bangladesh a 'stable' sovereign credit outlook.

If monetary policy autonomy is a priority, capital account liberalisation should come after a country’s transition to a flexible exchange rate – not before it.

The year 2015 was not kind to the world's second-largest economy. Growth slumped to a 25-year low. The stock market experienced

FROM USD 9 billion only four years ago, foreign exchange (forex) reserves have risen exponentially and ended 2015 at USD 27 billion.

BANGLADESH'S remarkable success in exports needs no new recognition. Sustained comparative advantage in low-skilled labour

WHAT can banks do with their rising volume of surplus liquidity? As Advanced-Deposit ratio has been declining, banks rushed towards

The rising trend of foreign currency loans availed by the private sector is a relatively new phenomenon in Bangladesh since access to international markets was liberalised in 2008.

Amid the wave of currency depreciation across emerging markets in Asia, Bangladesh Bank's (BB) fight against appreciation stands out as an intriguing challenge. Economists and the corporate sector are calling for an “engineered” depreciation of the taka to revive export competitiveness.

Pressure from the IMF suggests that, with time China will indeed move towards a more open capital market. But that creates other challenges for Asia's largest economy.