Monetary Depreciation and Export Performance of Bangladesh Value Does Matter

Authors : Mohammad Anamul Huq

Volume/Issue : Volume 8 - 2023, Issue 9 - September

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Currency devaluation and its impact on export performance is critical for developing countries like Bangladesh. This paper examines the relationship between currency Depreciation and export performance in Bangladesh from a macroeconomic perspective, focusing on aggregate data whose main contribution comes from major export sectors such as ready-made garments, jute, jute products, fish, shrimp, leather and leather products. The study sought to determine the extent to which currency devaluation affects the export performance of these sectors and to examine why countries with similar economic situations perform better than Bangladesh. The results were derived with the conclusion that currency depreciation (DoC) resulting from exchange rate volatility (ER) is not the sole factor affecting export performance.The co-integration of many other factors, namely the interest rate (IR), inflation (IF), foreign direct investment (FDI), balance of payments (BoP), and GDP per capita is inextricably linked. By analyzing the data from 1990 to 2020, the study has identified potential strategies and lessons that Bangladesh can learn from the export success of other countries to improve its performance.

Keywords : Devaluation; Currency; Export Performance; Exchange Rate; Interest Rate; Inflation; Foreign Direct Investment; Balance of Payments; GDP Per Capita; Bangladesh.


Paper Submission Last Date
31 - December - 2023

Paper Review Notification
In 1-2 Days

Paper Publishing
In 2-3 Days

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