MARC Record from Library of Congress

LEADER: 02736cam a22003257a 4500
001 2006618529
003 DLC
005 20120326163129.0
007 cr |||||||||||
008 060830s2006 dcu sb i000 0 eng
010 $a 2006618529
040 $aDLC$cDLC$dDLC
043 $aa-bg---
050 00 $aHG3881.5.W57
100 1 $aBeck, Thorsten.
245 10 $aCreating a more efficient financial system$h[electronic resource] :$bchallenges for Bangladesh /$cThorsten Beck, Md. Habibur Rahman, Research working paper Collection Title:Policy.
260 $a[Washington, D.C. :$bWorld Bank,$c2006]
490 1 $aPolicy research working paper ;$v3938
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 8/30/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"While Bangladesh has embarked on a path to reform its financial system, most prominently by privatizing its government-owned banks, the Nationalized Commercial Banks (NCBs), a sustainable long-term expansion of the financial system requires a more substantial change in the role of government. Using recent research and international comparisons, this paper argues that the government should move from its role as an operator and arbiter in the financial system to a facilitator role. This implies not only divestment from government-owned banks, but also de-politicization of the licensing process and a market-based bank failure resolution framework that focuses on intermediation and not on the rescue of individual institutions. Most important, the government should move away from the implicit guarantee for depositors and owners to applying the existing limited explicit deposit insurance for depositors, while simultaneously relying more on market participants to monitor and discipline banks instead of micro-managing financial institutions. This redefinition of government's role should not be limited to the banking system, but applies to other segments of the financial system, such as capital markets and the micro-finance sector, and should be seen as an essential element in the governance reform agenda and in the movement from a relationship-based economy to a market and arms-length economy. "--World Bank web site.
650 0 $aBanks and banking$xGovernment policy$zBangladesh.
650 0 $aFinance$zBangladesh.
700 1 $aRahman, Md. Habibur.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3938.
856 40 $uhttp://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469382&piPK=64165421&menuPK=64166093&entityID=000016406_20060607101704