Efficiency Costs of Myanmar’s Multiple Exchange Rate Regime - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency Costs of Myanmar’s Multiple Exchange Rate Regime write by Masahiro Hori. This book was released on 2008-08-01. Efficiency Costs of Myanmar’s Multiple Exchange Rate Regime available in PDF, EPUB and Kindle. Myanmar's multiple exchange rate system creates various economic distortions. This paper describes the exchange rate practices in Myanmar, develops a model of foreign exchange markets, and presents the efficiency costs imposed by quasi-fiscal operation under the current exchange rate regime. The results of our model-based analyses indicate that the equilibrium exchange rate under the unified market could be at around K 400-500 per U.S. dollar, and using the equilibrium exchange rate (instead of the official exchange rate) as the accounting rate increases trade openness to more than 20 percent from less than 1 percent measured by official statistics. The total efficiency loss caused by the current multiple exchange rate regime is estimated at about 14-17 percent of GDP in 2006/07.
IMF Working Papers
IMF Working Papers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF Working Papers write by Masahiro Hori. This book was released on 2008. IMF Working Papers available in PDF, EPUB and Kindle.
China’s Evolving Exchange Rate Regime
China’s Evolving Exchange Rate Regime - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China’s Evolving Exchange Rate Regime write by Mr.Sonali Das. This book was released on 2019-03-07. China’s Evolving Exchange Rate Regime available in PDF, EPUB and Kindle. China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be complemented by further steps to develop the FX market, improve FX risk management, and modernize the monetary policy framework.
Evolution and Performance of Exchange Rate Regimes
Evolution and Performance of Exchange Rate Regimes - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Evolution and Performance of Exchange Rate Regimes write by Mr.Kenneth Rogoff. This book was released on 2003-12-01. Evolution and Performance of Exchange Rate Regimes available in PDF, EPUB and Kindle. Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.
Annual Report on Exchange Arrangements and Exchange Restrictions 2013
Annual Report on Exchange Arrangements and Exchange Restrictions 2013 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Annual Report on Exchange Arrangements and Exchange Restrictions 2013 write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2013-12-15. Annual Report on Exchange Arrangements and Exchange Restrictions 2013 available in PDF, EPUB and Kindle. This is the 64th issue of the AREAER. It provides a description of the foreign exchange arrangements, exchange and trade systems, and capital controls of all IMF member countries. It also provides information on the operation of foreign exchange markets and controls on international trade. It describes controls on capital transactions and measures implemented in the financial sector, including prudential measures. In addition, it reports on exchange measures imposed by member countries for security reasons. A single table provides a snapshot of the exchange and trade systems of all IMF member countries. The Overview describes in detail how the general trend toward foreign exchange liberalization continued during 2012, alongside a strengthening of the financial sector regulatory framework. The AREAER is available in several formats. The Overview in print and online, and the detailed information for each of the 191 member countries and territories is included on a CD that accompanies the printed Overview and in an online database, AREAER Online. In addition to the information on the exchange and trade system of IMF member countries in 2012, AREAER Online contains historical data published in previous issues of the AREAER. It is searchable by year, country, and category of measure and allows cross country comparisons for time series.
