BANK PARIKRAMA

A Journal of Banking & Finance

Volume XXXIX Nos. 3 & 4 September & December 2014

BANGLADESH INSTITUTE OF BANK MANAGEMENT

 ISSN 1019-7044

Editorial Advisory Board

Dr. Mohammed Farashuddin Dr. Qazi Kholiquzzaman Ahmad
Former Governor, Bangladesh Bank and Chairman
Founder Vice Chancellor & President Palli Karma-Sahayak Foundation
Board of Trustees, East West University

Khondkar Ibrahim Khaled Dr. Mustafa K. Mujeri

Dr. Muzaffer Ahmad Chair Professor Former Director General
Bangladesh Institute of Bank Management Bangladesh Institute of Development Studies

Motiur Rahman, Ph.D. Dr. Fahad Khalil

JP Morgan-Chase Endowed Professor of Finance and Professor, Department of Economics
MBA Director, McNeese State University University of Washington
United States of America United States of America

Professor Mustafizur Rahman

Executive Director, Centre for Policy Dialogue

Editorial Board
Chairman
Dr. Toufic Ahmad Choudhury
Director General, Bangladesh Institute of Bank Management (BIBM)

Members
Dr. Bandana Saha Abed Ali
Supernumerary Professor, BIBM Consulting Editor, BIBM

Dr. Shah Md. Ahsan Habib Dr. Prashanta Kumar Banerjee

Professor & Director (Training), BIBM Professor & Director (RD&C), BIBM

Md. Mohiuddin Siddique

Associate Professor and Director (DSBM), BIBM

Executive Editor
Dr. Prashanta Kumar Banerjee
Professor and Director (Research, Development & Consultancy), BIBM

Editorial Associates
Md. Nehal Ahmed Atul Chandra Pandit
Associate Professor, BIBM Assistant Professor, BIBM
 Contents
5 Ethics of Banking
- Amiya Kumar Bagchi
22 Financial Inclusion in Bangladesh: Trends and Approaches
- Shitangshu Kumar Sur Chowdhury
46 Relative Effectiveness of Monetary and Fiscal Policies on Output in
Bangladesh: A Co-integration and Vector Error Correction
Approach
- Sayera Younus
68 Determinants of Capital Structure: A Study on Three
Manufacturing Industries of Bangladesh
- Nusrat Jahan
- K.M. Golam Muhiuddin
90 A Technical Evaluation of Web Banking in Bangladesh
- Md. Mahbubur Rahman Alam
109 Measuring Financial Stability: The Composition of an Aggregate
Financial Stability Index for Bangladesh
- Md. Zulkar Nayn
- Mohammad Shahriar Siddiqui
135 Bangladesh Bank Initiatives for Promoting SME Financing:
Achievements and Challenges
- Md. Shahid Ullah
159 Forecasting Foreign Direct Investment (FDI) in Bangladesh for the
Period 2012-2021
- Papon Tabassum
- Sujan Kumar Ghosh
175 Note for Contributors and General Readers