Like many other developing countries, in Bangladesh, informal finance plays a positive role in savings mobilization, capital formation, and investment. ROSCAs and ASCRAs are the popular sources of informal finance in developing countries. These informal organizations continue to flourish even in...

Purpose – The purpose of this paper is to explore dynamics of stock price movements of an emerging market, Bangladesh with that of USA, Japan and India. Design/methodology/approach – The long‐term relationships among the markets are analyzed using the Johansen and Juselius multivariate...