Volatility in the call money rate and efficacy of monetary policy operations in Bangladesh
Working paper
Title | Volatility in the call money rate and efficacy of monetary policy operations in Bangladesh |
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Report Type | Working paper |
Authors | Shahiduzzaman, Md (Author) and Naser, Mahmud Salahuddin (Author) |
Page Range | 43-50 |
Number of Pages | 23 |
Series | Working Paper |
Year | 2007 |
Publisher | Bangladesh Bank |
Place of Publication | Dhaka, Bangladesh |
Web Address (URL) | http://www.bb.org.bd/openpdf.php |
Abstract | This paper examines the pattern of volatility in the call money rate and its association to monetary policy operations of Bangladesh Bank (BB). In the process, it explores empirical issues like the comovement of money market rates and the presence of heteroscedasticity in the call money rate. The first stage analysis supports the view that money market rates co-move and there is a co-integration relationship between overnight money market rate and BB's policy interest rates. At the second stage, |
Keywords | call money rate; volatility; policy rate; co-movement |
ANZSRC Field of Research 2020 | 350208. Investment and risk management |
380399. Economic theory not elsewhere classified | |
440703. Economic development policy | |
Public Notes | Copyright © 2007 by Bangladesh Bank |
Byline Affiliations | Bangladesh Bank, Bangladesh |
Journal Title | Bank Parikrama, in press, Bangladesh Bank Quarterly |
https://research.usq.edu.au/item/9z59w/volatility-in-the-call-money-rate-and-efficacy-of-monetary-policy-operations-in-bangladesh
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