Efficiency costs of Myanmar's multiple exchange rate regime / prepared by Masahiro Hori and Yu Ching Wong.
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. Th...
Saved in:
| Online Access: |
Full Text (via ProQuest) |
|---|---|
| Main Authors: | , |
| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
©2008.
|
| Series: | IMF working paper ;
WP/08/199. |
| Subjects: |
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | b9667504 | ||
| 003 | CoU | ||
| 005 | 20210402095342.6 | ||
| 006 | m o d | ||
| 007 | cr ||||||||||| | ||
| 008 | 111122s2008 dcua ob i000 0 eng d | ||
| 019 | |a 467272699 |a 867081919 |a 891686883 |a 961626873 |a 962716477 |a 974986229 |a 975027024 |a 988486583 |a 991965520 |a 1018015265 |a 1037721941 |a 1043616600 |a 1055371121 |a 1058027513 |a 1058142408 |a 1066581454 |a 1077408842 |a 1081236103 |a 1101727870 |a 1103573598 |a 1107355494 |a 1109072828 |a 1110287927 |a 1113353157 |a 1114430830 |a 1119118079 |a 1148129005 |a 1153483676 |a 1202556952 |a 1228600528 | ||
| 020 | |a 1451915101 | ||
| 020 | |a 9781451915105 | ||
| 020 | |a 9781451870572 | ||
| 020 | |a 1451870574 |q (Trade Paper) | ||
| 020 | |a 1462361846 | ||
| 020 | |a 9781462361847 | ||
| 020 | |a 1452735964 | ||
| 020 | |a 9781452735962 | ||
| 020 | |a 9786612841507 | ||
| 020 | |a 6612841508 | ||
| 020 | |a 1282841505 | ||
| 020 | |a 9781282841505 | ||
| 024 | 8 | |a 10.5089/9781451915105.001 | |
| 035 | |a (OCoLC)ebqac762167491 | ||
| 035 | |a (OCoLC)762167491 |z (OCoLC)467272699 |z (OCoLC)867081919 |z (OCoLC)891686883 |z (OCoLC)961626873 |z (OCoLC)962716477 |z (OCoLC)974986229 |z (OCoLC)975027024 |z (OCoLC)988486583 |z (OCoLC)991965520 |z (OCoLC)1018015265 |z (OCoLC)1037721941 |z (OCoLC)1043616600 |z (OCoLC)1055371121 |z (OCoLC)1058027513 |z (OCoLC)1058142408 |z (OCoLC)1066581454 |z (OCoLC)1077408842 |z (OCoLC)1081236103 |z (OCoLC)1101727870 |z (OCoLC)1103573598 |z (OCoLC)1107355494 |z (OCoLC)1109072828 |z (OCoLC)1110287927 |z (OCoLC)1113353157 |z (OCoLC)1114430830 |z (OCoLC)1119118079 |z (OCoLC)1148129005 |z (OCoLC)1153483676 |z (OCoLC)1202556952 |z (OCoLC)1228600528 | ||
| 037 | |a ebqac1608007 | ||
| 040 | |a OCLCE |b eng |e pn |c OCLCE |d CUS |d OCLCQ |d OCLCA |d OCLCQ |d OCLCO |d OCLCA |d E7B |d CCO |d OCLCF |d OCLCQ |d OCLCO |d CEF |d EBLCP |d YDXCP |d VT2 |d CUS |d OCLCQ |d OCLCO |d MERUC |d COCUF |d MOR |d PIFPO |d ZCU |d OCLCQ |d U3W |d STF |d CRU |d ICG |d AU@ |d OCLCQ |d WYU |d DKC |d OCLCQ |d UX1 |d HS0 |d UWK |d ADU |d OCLCQ |d UKCRE |d BOL |d OCLCQ |d OCLCO | ||
| 042 | |a dlr | ||
| 043 | |a a-br--- | ||
| 049 | |a GWRE | ||
| 050 | 4 | |a HG3881.5.I58 |b W67 NO.08/199 | |
| 100 | 1 | |a Hori, Masahiro, |d 1964- |e author. | |
| 245 | 1 | 0 | |a Efficiency costs of Myanmar's multiple exchange rate regime / |c prepared by Masahiro Hori and Yu Ching Wong. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c ©2008. | ||
| 300 | |a 1 online resource (30 pages) : |b illustrations. | ||
| 336 | |a text |b txt |2 rdacontent. | ||
| 337 | |a computer |b c |2 rdamedia. | ||
| 338 | |a online resource |b cr |2 rdacarrier. | ||
| 340 | |g polychrome. |2 rdacc. | ||
| 347 | |a text file |2 rdaft. | ||
| 500 | |a At head of title: Asia and Pacific Department. | ||
| 500 | |a "August 2008." | ||
| 504 | |a Includes bibliographical references (page 21) | ||
| 505 | 0 | |a I. Introduction; II. Multiple Exchange Rate Regime in Myanmar; Box 1. Myanmar's Multiple Exchange Rate System; III. A Model for Myanmar's Foreign Exchange Markets; A. Preliminary Considerations; B. Model Description; IV. Quantitative Analyses; V. Sensitivity Analysis; VI. Summary of Findings; References; Figures; 1. Segmented Foreign Exchange Markets and Conceptual Foreign Exchange Rates; 2. Myanmar's Parallel Market Exchange Rate and its Premium over the Official Exchange Rate from 1960; 3. Efficiency Effects in the Public Sector Trade. | |
| 505 | 8 | |a 4. Efficiency Effects in the Private Sector TradeTables; 1. Net Efficiency Losses Relative to the Value of Trade Flows; 2. Estimated Price Elasticities of Trade Flows in the Earlier Studies; 3. Net Efficiency Loss Estimates under the Baseline Parameters (2004/05-2006/07); 4. Net Efficiency Loss Estimates under the Baseline Parameters (2004/05-2006/07) (Relative to Estimated Nominal GDP); 5. Sensitivity of Estimated Net Efficiency Losses to Assumed Parameters (2006/07) | |
| 520 | |a 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 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. | ||
| 546 | |a English. | ||
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Foreign exchange rates |z Burma |x Econometric models. | |
| 651 | 0 | |a Burma |x Economic policy |x Econometric models. | |
| 650 | 7 | |a Economic policy |x Econometric models. |2 fast |0 (OCoLC)fst00902034. | |
| 650 | 7 | |a Foreign exchange rates |x Econometric models. |2 fast |0 (OCoLC)fst00931818. | |
| 651 | 7 | |a Burma. |2 fast |0 (OCoLC)fst01207835. | |
| 700 | 1 | |a Wong, Yu Ching, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Asia and Pacific Department. | |
| 776 | 0 | 8 | |i Print version: |a Hori, Masahiro, 1964- |t Efficiency costs of Myanmar's multiple exchange rate regime. |d Washington, D.C. : International Monetary Fund, ©2008 |w (OCoLC)314427882. |
| 830 | 0 | |a IMF working paper ; |v WP/08/199. | |
| 856 | 4 | 0 | |u https://ebookcentral.proquest.com/lib/ucb/detail.action?docID=1608007 |z Full Text (via ProQuest) |
| 907 | |a .b96675044 |b 04-05-21 |c 10-03-17 | ||
| 998 | |a web |b - - |c f |d b |e z |f eng |g dcu |h 0 |i 2 | ||
| 915 | |a - | ||
| 956 | |a Ebook Central Academic Complete | ||
| 956 | |b Ebook Central Academic Complete | ||
| 999 | f | f | |i 18eaba45-b621-541e-8389-9b91b3100b93 |s b305abab-925d-548e-8f07-70ebc7a4ff34 |
| 952 | f | f | |p Can circulate |a University of Colorado Boulder |b Online |c Online |d Online |e HG3881.5.I58 W67 NO.08/199 |h Library of Congress classification |i web |n 1 |