American Finance & Banking Review 2019-08-08T19:43:12+06:00 Managing Editor Open Journal Systems <p><img class="shrinkToFit" style="display: block; margin-left: auto; margin-right: auto;" src="" alt="" width="494" height="654"></p> <p style="text-align: justify;"><strong><em>American Finance &amp; Banking Review (AFBR)</em></strong> is an international, double-blind peer-reviewed journal.The Journal's emphasis is on empirical, applied, and policy-oriented research in banking and other domestic and international financial institutions and markets. The Journal's purpose is to improve communications between the academic and other research communities and policymakers and operational decision makers at financial institutions (private and public) national and international, and their regulators.</p> Poverty, Income Inequality and Growth in Bangladesh: Revisited Karl-Marx 2019-06-30T19:51:49+06:00 Md Niaz Murshed Chowdhury Md. Mobarak Hossain <p>This study tries to find the relationship among poverty inequality and growth. It also tries to connect the Karl Marx’s thoughts on functional income distribution and inequality in capitalism. Using the Household Income and Expenditure Survey of 2010 and 2016 this study attempt to figure out the relationship among them. The incidence of poverty in Bangladesh is one of topmost in this globe; about 25% of the population is living under poverty lines and 12.3% of its population is living under the extreme poverty line. The major finding of this study is poverty has reduced significantly from 2000 to 2016, which is more than 100% but in recent time poverty reduction has slowed down. Despite the accelerating economic growth, the income inequality also increasing where the rate of urban inequality exceed the rural income inequality. Slower and unequal household consumption growth makes sloth the rate of poverty reduction. Average annual consumption fell from 1.8% to 1.4% from 2010 to 2016 and poorer households experienced slower consumption growth compared to richer households.</p> <p>&nbsp;</p> 2019-06-20T23:26:35+06:00 ##submission.copyrightStatement## USA Income Distribution Counter-Business-Cyclical Trend 2019-08-08T19:43:12+06:00 Bijan Bidabad <p>In this paper, the L<sub>1</sub> norm of continuous functions and corresponding continuous estimation of regression parameters are defined. The continuous L<sub>1</sub> norm estimation problems of linear one and two parameters models are solved. We proceed to use the functional form and parameters of the probability distribution function of income to exactly determine the L<sub>1</sub> norm approximation of the corresponding Lorenz curve of the statistical population under consideration. U.S. economic data used to estimate income distribution. An interesting finding of these calculations is that the distribution of income obeys counter-wise business cycles fluctuations. This finding is a new area for research in the realm of the theory and application of income distribution and business cycles interrelationship.</p> 2019-07-06T16:13:07+06:00 ##submission.copyrightStatement##