The Impact of COVID-19 on the Migrant Workers and Remittances Flow to Bangladesh

Chowdhury, Mamta Banu; Chakraborty, Minakshi

doi:10.1177/0971523121995365

Cited by 41 publications

(31 citation statements)

References 13 publications

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“…In addition, migrant workforce felt a sense of uncertainty regarding job security during the pandemic, which forced them to remit accumulated amount to home country. This proposition seems practical given the fact that a large number of Bangladeshi migrants has been returning home from abroad since the last quarter of 2020 (Karim et al, 2020;Chowdhury and Chakraborty, 2021).…”

Section: Impact Of Covid-19 On Islamic Banksmentioning

confidence: 99%

The impact of COVID-19 on Islamic banks in Bangladesh: a perspective of Marxian “circuit of merchant’s capital”

Miah

Suzuki

Uddin

2021

JIABR

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Purpose This paper aims to assess the probable impact of COVID-19 on the Islamic banking system in Bangladesh. More specifically, it attempts to test the hypothesis that Islamic banks are exposed to increased risk because of their role as a provider of “merchant capital” including financing for trade, commerce and working capital, which are believed to be severely disrupted by the COVID-19. Design/methodology/approach The paper draws upon the Marxian tradition on the identification of the circuit of “merchant capital” separated from the circuit of “interest-bearing capital.” Moreover, the research adopts the balance sheet approach to trace the sectoral distribution of investment as well as sources of income of Islamic banks. Findings The research supports the hypothesis that the investment pattern of Islamic banks is skewed toward the trade and merchant’s financing. More than two-third of Islamic banks’ investment, and income thereof, is concentrated on working capital and trade finance. As these sectors are largely vulnerable to the economic shock resulting from COVID-19, Islamic banks in Bangladesh are likely to be affected through this channel. Research limitations/implications The research focuses only on Islamic banks in Bangladesh. Further study can assess the impact of COVID-19 on conventional and Islamic banks in other countries to find similarities and differences with the findings of the current research. Practical implications The finding of this research will be useful for bank managers, policymakers and users of financial services. In particular, this study provides important information useful for regulators in devising appropriate policies which aim to mitigate the adverse impact of COVID-19. Originality/value To the best of the authors’ knowledge, this is the first study that attempts to examine the impact of COVID-19 on Islamic banking system in Bangladesh, a country where Islamic banks occupy one-third of the total banking system’s assets.

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Section: Impact Of Covid-19 On Islamic Banksmentioning

confidence: 99%

The impact of COVID-19 on Islamic banks in Bangladesh: a perspective of Marxian “circuit of merchant’s capital”

Miah

Suzuki

Uddin

2021

JIABR

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“…Pada umumnya pekerja migran internasional bekerja pada sektor informal yang kurang terlindungi, yaitu bekerja pada pekerjaan-pekerjaan dengan kontrak kerja nonstandar dan di bawah pengaturan informal, serta tidak memiliki perlindungan sosial jika kehilangan pekerjaan atau sakit (Fasani & Mazza, 2020;Marschke et al, 2021). Menurut Chowdhury & Chakraborty (2021), pekerja migran dan pekerja sektor informal merupakan kelompok yang paling berisiko kehilangan pekerjaan ketika mereka tidak mempunyai kontrak kerja yang sesuai dengan ketentuan dan juga memiliki posisi tawar yang rendah.…”

Section: Pandemi Covid-19: Penyebab Hilangnya Pekerjaan Bagi Pekerja ...unclassified

Pandemi Covid-19 dan Dampak Ekonomi pada Pekerja Migran Indonesia dan Keluarganya: Sebuah Kajian Pustaka

Noveria¹,

Romdiati

2022

j. ekonomi & kebijak. publik

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The Coronavirus disease 2019 pandemic negatively impacts the Indonesian migrant workers since their host countries suffer from the effect of infectious diseases. A big number of Indonesian migrant workers lost their jobs which caused them unable to send money to their families at home country. This paper aims to discuss the impacts of Covid-19 on Indonesian migrant workers' welfare and their families at home country. This paper is based on analysing existing statistical data and reviewing existing literature and research publications. The results show that the direct impacts of Covid-19 on Indonesian migrant workers are layoffs for both permanent and temporary workers. Indonesian migrant workers who have been laid off have to go back to their home country. Some Indonesian migrant workers who are still working in host countries received decreasing income due to salary reduction and no additional income for their extra working hours. Such condition brings about negative impacts on Indonesian migrant workers' welfare and their families at home country, mainly because of the reduce of remittances, reaching 10.28 percent during the Covid-19 pandemic. Considering the condition of migrant workers' families who have experienced a decrease in remittances, they should be eligible for receiving any safety net from social security programs due to Covid-19 pandemic impact.

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“…Mental health and well-being are related to psychological, emotional and social factors; this is also creating stress among the population worldwide. Many researchers, i.e., Barai (2021); Chowdhury & Chakraborty (2021); Hossain (2021); Yadav & Iqbal (2021); Keelery (2020), tried to describe the socio-economic effects of COVID-19 from the perspective of South Asian countries. However, its impact on mental health was ignored by most of the researchers.…”

Section: Covid-19 and Psychological Contextmentioning

confidence: 99%

Unemployment During the Recent COVID-19 Pandemic: Exploring the Perspective of Fresh Graduates from a Developing Nation

Momen

Shahriar²,

Naher

et al. 2022

Economics and Business

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The recent COVID-19 pandemic has accelerated the radical changes in economics, labour market and business models globally. The job market is no exception. This study aims to find out what factors affect job opportunities for recent graduates during a pandemic. It is a quantitative study in which 200 recent graduates were randomly chosen. Factor analysis, both exploratory and confirmatory, was used. The study tests the hypothesis and confirms the contributing factors to the unemployment problem by conducting a path analysis using structural equation modelling (SEM). It is hard for recent graduates to get jobs because of economic and personal reasons during this pandemic. On the other hand, the study does not think that social issues play a significant role. The study will aid similar groups in comprehending the phenomena and devising strategies to overcome their causes. A future study could compare the underlying issues in various countries. This paper, among the very few studies, will assist the stakeholders in comprehending the job market in a developing country during the ongoing COVID-19 pandemic, particularly from the perspective of a recent graduate.

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The Impact of COVID-19 on the Migrant Workers and Remittances Flow to Bangladesh

Cited by 41 publications

References 13 publications

The impact of COVID-19 on Islamic banks in Bangladesh: a perspective of Marxian “circuit of merchant’s capital”

The impact of COVID-19 on Islamic banks in Bangladesh: a perspective of Marxian “circuit of merchant’s capital”

Pandemi Covid-19 dan Dampak Ekonomi pada Pekerja Migran Indonesia dan Keluarganya: Sebuah Kajian Pustaka

Unemployment During the Recent COVID-19 Pandemic: Exploring the Perspective of Fresh Graduates from a Developing Nation

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