Paper title: Economic Vulnerabilities and the Inflow of Remittance in Bangladesh
Abstract: Bangladesh needs to depend on foreign remittance as an essential source of funds for its overall development. The country’s position is seventh in the world with respect to remittance recipients (WB, 2022). The economy of Bangladesh has become increasingly integrated with other countries around the globe and as a result, it suffers from economic shocks like the Russia-Ukraine war. In this paper, an initiative has been to explore whether economic shock resulting from economic vulnerability has affected the foreign remittance flow of Bangladesh. To capture both local and international vulnerabilities, variables like local dollar exchange rate, inflation, interest rate, global oil price, and gold price have also been considered in this study as these variables became highly volatile during this crisis. The findings of this study are fascinating as they reveal that contrary to our traditional belief, the dollar exchange rate significantly affects foreign remittance flow, remittance flow is more affected by other economic variables like inflation, interest rate, price of gold and oil, etc. Keywords: Economic Vulnerability, Exchange Rate, Workers’ Remittance, Remitter DOI: https://www.doi.org/10.61607/JFB.V20N1-2.A6 Article Info: Submission Date: February 06, 2023; Acceptance Date: November 20, 2023.
