PhD Seminar (Econ)
Date & time
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.