Research
Macroeconomic Stabilization and Structural Adjustment in Latin American Countries: Real Aspects
This paper evaluates the advisability of a monetary union in Latin America applying the theory of optimum currency areas (OCA). The analysis, based on the traditional OCA criteria, suggests that there is no evidence for any monetary integration in Latin America, even at a sub-regional level. Latin American countries have evidenced a low degree of trade integration and asymmetric co-movements among their shocks. Moreover, important differences in the speed of adjustment and size of shocks are found. Higher policy coordination seems to be necessary before starting any economic integration process in Latin America.
Food Security Status in Bangladesh: An Analytical Overview
Food is a basic human need for human survival. To achieve Millennium Development Goals, food security has become top most concern for Bangladesh. This paper examines performance, challenges and policies in food security in terms of availability, access, and absorption or nutrition. Specifically, this paper focuses on the progress in supply side of food in terms of availability at the national level and how far has Bangladesh progressed in attaining access to food and nutrition requirements at the household level. The paper argues in favor of strengthening the role of various social safety net programs, increasing subsidy in agriculture sector and enhancing purchasing power of the people food security production and availability of food grains. This paper has also given attention on the effect of inflation on price of food grains. The paper concludes that Bangladesh should target self-sufficiency in food grains production to satisfy domestic demand in normal production years.
