Impacts of Foreign Exchange Auctions on the Informal Market Rate in Myanmar - 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 Impacts of Foreign Exchange Auctions on the Informal Market Rate in Myanmar write by Koji Kubo. This book was released on 2015. Impacts of Foreign Exchange Auctions on the Informal Market Rate in Myanmar available in PDF, EPUB and Kindle.
Myanmar’s Foreign Exchange Market
Myanmar’s Foreign Exchange Market - 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 Myanmar’s Foreign Exchange Market write by Koji Kubo. This book was released on 2018-09-27. Myanmar’s Foreign Exchange Market available in PDF, EPUB and Kindle. This is the first book dedicated to the scrutinization of Myanmar's unofficial foreign exchange market, its roots in restrictive administrative controls on foreign exchange and international trade, and its effects on the country’s economic performance. This book integrates vast pieces of records and data with first-hand information from extensive fieldwork to create an overall picture of the chaotic but seemingly efficient foreign exchange market in Myanmar, a transitional economy in Southeast Asia whose economic systems had been less known due to its isolation until recently. This book illustrates how the unofficial foreign exchange market emerged during the country’s transition to a market-based economy, how informal currency deals proliferated under restrictive controls, and why they persist despite the significant economic reforms since 2011. Refuting the conventional wisdom of foreign exchange policy reforms, this research clarifies path-dependent features of foreign exchange market systems, and it discusses possible solutions for modernizing economic systems. This book is highly recommended to readers who seek an in-depth analytical narrative about informal economic activities and foreign exchange policy reforms in a fragile state.
Efficiency Costs of Myanmar’s Multiple Exchange Rate Regime
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.
Parallel Currency Markets in Developing Countries
Parallel Currency Markets in Developing Countries - 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 Parallel Currency Markets in Developing Countries write by International Monetary Fund. This book was released on 1990-12-01. Parallel Currency Markets in Developing Countries available in PDF, EPUB and Kindle. The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy —including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets— in countries with a sizable parallel market are also examined.
Annual Report on Exchange Arrangements and Exchange Restrictions 2014
Annual Report on Exchange Arrangements and Exchange Restrictions 2014 - 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 2014 write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2014-10-09. Annual Report on Exchange Arrangements and Exchange Restrictions 2014 available in PDF, EPUB and Kindle. This is the 65th 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 2013, alongside a strengthening of the financial sector regulatory framework. A Special Topic essay examines the dynamics and evolution of capital flows. 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 2013, 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.
