OPEN SKY | The Daily Star
  • Taking banks further away from the public

    When I, along with another colleague of mine, went to Philadelphia to interview jobseekers, the findings of one interviewee's dissertation reminded me of something: the recent news on bank directors in Bangladesh.

  • How early nominations can help the economy

    We can reduce this kind of political setback on the economy only by channelling the political exuberance in a positive way. Whatever control the election commission brings on the size of the spending by candidates, the political nominees will spend the most anyway.

  • Dramas, dilemmas and doldrums

    Bangladeshis relish drama and nothing is more drama-filled than election time. The atmosphere will be one of excitement and uncertainty this year.

  • A tumultuous year for the economy

    History repeats itself, though not fully, but history is the best educator. As we approach 2018, we can take lessons from the economic successes and failures of 2017.

  • No honking, please

    It is my great pleasure to be back in Dhaka for professional purposes after having lived overseas for two decades.

  • Why Patal Rail is a must for Dhaka

    The government is again contemplating building the nation's largest airport somewhere in the southwest part of the country.

  • Do we really need a central bank?

    Pet doors are small portals at the bottom of doors to let pets move in and out of the house. Sir Isaac Newton once made one big hole for a cat and one small hole for its kittens in the same door.

  • metro rail in New Delhi,

    How India became a growth generator

    Addressing Rabindranath Tagore, the American philosopher Will Durant once pronounced, “You alone are sufficient reason why India should be free.

  • Record economic growth and the tasks ahead

    The 7.28 percent economic growth achieved in the last fiscal year, which the government has reported recently, is the second highest growth rate in Bangladesh's history.

  • Organising the calendar and advancing the clock

    Economist William Nordhaus found a political business cycle for the United States. He showed how the behaviour of the US economic cycle depends on which party, Democrat or Republican, comes to power. Whether our economic cycle significantly varies based on any political party remains a subject of study.

  • How can Bangladesh move forward faster?

    Banglade-sh placed 177th out of 190 countries in the world in the latest Doing Business Index, taking a step back from last year's position.

  • posters and publicity

    Posters and publicity syndrome

    While visiting Princeton University in New Jersey recently, the idea of visiting Albert Einstein's residence tickled my mind.

  • Ten Years of The Great Recession: The American economy is back on its feet

    The US economy has turned back. The last quarter posted three percent growth—much higher than their long-term two percent growth. US GDP has crossed the USD 19 trillion mark for a population size of 326 million, making per capita income USD 59,000 annually.

  • Private credit growth: Where is this money going?

    Private credit growth hit a five-year high in August, giving rise to more concerns than hope.

  • A fair recruitment policy for a stronger government

    America took capitalism and the market economy as the basis for its economic model from the first day of its independence in the late 18th century. In the subsequent centuries, the US continued its progress as the market economy fosters the culture of competition and empowers the customers to choose the best out of many alternatives.

  • Why reforming the public service sector is so crucial

    This type of brainstorming is almost entirely absent in our bureaucracy. In most cases, you are a good officer as long as you can memorise the existing circulars and follow them to the T.

  • A sweet budget turns sour

    This year's budget eventually turned sour though its components are fine. The major aspects of the budget can be fit into a pentagon model that has five components.

  • Rescue plan for 2018

    While we learned not to put all eggs in one basket, dumping all rotten apples in one basket might seem rather prudent. When two

  • What the banking sector gets and loses

    The budget, which is basically an annual outline of fiscal policy, has over time turned into an all-encompassing document for the

  • Why politicians and economists don't get along

    Rarely have we seen both politicians and economists dance together and play the same tune on the state of the economy.

  • A pentagon model to make the budget simpler

    If we compare an economy to an aeroplane, fiscal policy and monetary policy would be its two wings.

  • The ills of too much maya

    The word maya originates from Sanskrit, meaning attraction that you feel for your loved ones with a sense of bond and attachment.

  • Fighting the financial hemorrhage

    We live in a notoriously polluted city of the world, and still we choose to live here because we have a dream. We live in a system where

  • Roadblocks to our potential growth

    When a mother claims that her son could have achieved a grade of A though he actually earned B+, we understand the son performed below his potential and did not work to his fullest capacity for the test.

  • Why have we failed to promote tourism?

    We ‘gloriously' occupied the 125th position among 136 nations of the world in the Tourism Competitive Index 2017 – we have been ranked the worst place to visit in South Asia.

  • How to prevent the free fall of remittances

    On the sidelines of an investment summit in Singapore in 2015, I wanted to act like Caliph Haroon and make a foray into the illegal remittance market to find out why people prefer hundi (used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions) over legal channels.

  • How to 'empower' economic growth

    Empowering' economic growth should be the prime agenda for the nation right now when growth is slowing down. This is a challenging task that can be done by ensuring the marriage of optimal investment policies with the right institutions.

  • The failure of the Happiness Index

    My next-door neighbour in upstate New York was an old woman named June. Her husband Herbert was housed in a care centre for the elderly. They had grown-up kids living in different states of the US from where they made rare visits to their parents.

  • When greed takes over

    One of the plays of five-time nominee for the Nobel Prize, Maxim Gorky, was improvised in Bengali and was named Abirampaurutibhakshan (eating loaves continuously).

  • A booster for default syndrome

    When I joined the central bank more than two years ago, I witnessed the proposal of big loan restructuring. One phrase economists care about is “moral hazards.”