The Taxation Implicit in Two-Tiered Exchange Rate Systems - 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 The Taxation Implicit in Two-Tiered Exchange Rate Systems write by Harry Huizinga. This book was released on 1996-11-01. The Taxation Implicit in Two-Tiered Exchange Rate Systems available in PDF, EPUB and Kindle. A two-tiered exchange rate system can be interpreted as a set of separate taxes on money and other financial assets. If the official two-tiered exchange rate system coexists with a black market for foreign exchange, then there is implicit taxation of the international goods trade as well. This paper presents some evidence on the tax rates and tax revenues implicit in the exchange rate systems of The Bahamas (from 1978 to 1995), the Dominican Republic (from 1970 to 1984), and South Africa (from 1973 to 1995).
The Taxation Implicit in Two-tiered Exchange Rate System
The Taxation Implicit in Two-tiered Exchange Rate System - 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 The Taxation Implicit in Two-tiered Exchange Rate System write by H. Huizinga. This book was released on 1996. The Taxation Implicit in Two-tiered Exchange Rate System available in PDF, EPUB and Kindle.
The Taxation Implicit in Two-tiered Exchange Rate Systems
The Taxation Implicit in Two-tiered Exchange Rate Systems - 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 The Taxation Implicit in Two-tiered Exchange Rate Systems write by Fonds monétaire international. This book was released on 1996. The Taxation Implicit in Two-tiered Exchange Rate Systems available in PDF, EPUB and Kindle.
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.
Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime
Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of 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 Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime write by International Monetary Fund. This book was released on 1999-01-01. Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime available in PDF, EPUB and Kindle. This paper reviews recent developments in the exchange system in the Islamic Republic of Iran and in the real effective exchange rate (REER). It also considers the determinants of the REER in connection with the choice of exchange regime after unification. The study illustrates how economic policy variables and exogenous shocks affect the real exchange rate primarily through the fiscal balance, and consequently, the savings-investment gap. It further illustrates that the appropriate level of REER and its medium-term path depend upon the mix of monetary, fiscal, and structural policies that underpin the evolution of inflation, balance of payments, and productivity growth.
