Credit Market & Economic Development of Bangladesh: Review, Impact Analysis and Constraints
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Date
2006-08
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
CRP (International Islamic University Chittagong)
Abstract
Supplv of credit and economic development arc inter related. The evolut ion of credit is more than 9000 rears back. Front the very beginning of history, credit performed different types of function embedded [rom the transferring process of resources to the he/ping the poor to alleviate the povcrtv /('I'cI. There are different I,i('\\'s of credit, which are leveled as old views, monetary views and modern views, While monetarv views preferred restriction on credit for the balanced development of the economy, the modern views have worked to diminish the credit market imperfection for the expected economic development. Because of credit market imperfection, credit was }IOT allocated proportionately in different sectors in Bangladesh, Moreover, the total credit market \I'as not coordinated, Here, micro credit market was remaining out of any kind of surveillance. To overcome (lin' kind of imperjection, appropriate legal system need to be developed in Bangladesh considering the wholestic view of credit, In addition, institutional surveillance for micro credit and access to credit information is essential to overcome the market
imperfection ami for the economic development of Bangladesh,
Description
Business Review, Vol-01, Article-05, August 2006 (Page 41-56)
Keywords
Credit Market, Economy, Bangladesh
Citation
Business Review, Vol-01, Article-05, August 2006 (Page 41-56)