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Deficit financing with national saving certificates and its macroeconomic consequences on the Bangladesh economy

Crawford School of Public Policy
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Event details

PhD Seminar (Econ)

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Date & time

Friday 09 December 2022
11.00am–12.00pm

Venue

Weston Theatre and Zoom

Speaker

Mohammad Mahabub Alam

National savings certificates (NSCs), a nonbank, nonmarketable saving instrument with high interest rate, have been used extensively in financing budget deficit by the government of Bangladesh in the recent past. However, the original intent of NSCs was to promote savings among a target group of citizens in the absence of a well-developed financial market. This seminar analyses macroeconomic impacts of NSC usages (its interest rate and flow) on the lending rate, gross domestic savings, government investment, private investment, and gross domestic product (GDP) with a seven variable SVAR framework using annual data from 1983 to 2021.

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