Illusion of independence: Why Bangladesh Bank needs market instruments, not just legal autonomy
Whenever systemic distress in Bangladesh’s banking sector surfaces, "central bank independence" is invoked as the sovereign remedy. Strip the Ministry of Finance of its informal veto, insulate Bangladesh Bank from executive directives and institutional discipline—we are told—will return. Yet this di
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Prothom Alo Independent
Whenever systemic distress in Bangladesh’s banking sector surfaces, "central bank independence" is invoked as the sovereign remedy. Strip the Ministry of Finance of its informal veto, insulate Bangladesh Bank from executive directives and institutional discipline—we are told—will