[Cover page]
Policy Analysis Unit (PAU)
Working Paper Series: WP 0606
Consumer Confidence in Financial Markets
Md. Kabir Ahmed Chowdhury
General Manager
Research Department
Bangladesh Bank
&
G.M. Abul Kalam Azad
Joint Director
Monetary Policy Department
Bangladesh Bank
Volume 1, Number 6
March 2006
Policy Analysis Unit (PAU)
Research Department, Bangladesh Bank
Head Office, Dhaka, Bangladesh
(www.bangladeshbank.org.bd/research/pau.html)
(www.bangladesh-bank.org/research/pau.html)
Policy Analysis Unit* (PAU)
Working Paper Series: WP 0606
Consumer Confidence in Financial Markets*
Md. Kabir Ahmed Chowdhury
General Manager
Research Department
Bangladesh Bank
&
G.M. Abul Kalam Azad
Joint Director
Monetary Policy Department
Bangladesh Bank
March 2006
Copyright © 2006 by Bangladesh Bank
* The Bangladesh Bank (BB), in cooperation with the World Bank Institute (WBI), has formed the Policy
Analysis Unit (PAU) within its Research Department in July 2005. The aim behind this initiative is to
upgrade the capacity for research and policy analysis at BB. As part of its mandate PAU will publish,
among other, several Working Papers on macroeconomic research completed by its staff every quarter.
The precise topics of these papers are chosen by the Resident Economic Adviser in consultation with the
PAU members. These papers reflect research in progress, and as such comments are most welcome. It is
anticipated that a majority of these papers will eventually be published in learned journals after the due
review process. Neither the Board of Directors nor the management of the Bangladesh Bank, nor WBI,
nor any agency of the Government of Bangladesh or the World Bank Group necessarily endorses any or
all of the views expressed in these papers. The latter reflect the judgement based on professional analysis
carried out by the staff of the Policy Analysis Unit, and hence the usual caveat as to the veracity of
research reports ap