Efficiency costs of Myanmar's multiple exchange rate regime

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...

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Bibliographic Details
Main Authors: Hori, Masahiro, 1964- (Author), Wong, Yu Ching (Author)
Corporate Author: International Monetary Fund. Asia and Pacific Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, ©2008.
Series:IMF working paper ; WP/08/199.
Subjects:
Foreign exchange rates > Burma > Econometric models.
Economic policy > Econometric models
Foreign exchange rates > Econometric models
Wechselkurssystem.
Myanmar.
Burma > Economic policy > Econometric models.
Burma
Online Access:Click for online access

MARC

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100 1 |a Hori, Masahiro,  |d 1964-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjFkmqWvckCYXPmcDwBhQC 
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  |0 http://rdaregistry.info/termList/RDAColourContent/1003 
347 |a text file  |2 rdaft  |0 http://rdaregistry.info/termList/fileType/1002 
500 |a At head of title: Asia and Pacific Department. 
500 |a "August 2008." 
504 |a Includes bibliographical references (page 21). 
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. 
588 0 |a Print version record. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2011  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
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) 
546 |a English. 
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 
650 7 |a Foreign exchange rates  |x Econometric models  |2 fast 
651 7 |a Burma  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJqw6BFgBchbxjHxHGttKd 
650 7 |a Wechselkurssystem.  |2 stw 
650 7 |a Myanmar.  |2 stw 
700 1 |a Wong, Yu Ching,  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjqKWfVxptDYJRMRFMVMrm 
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/holycrosscollege-ebooks/detail.action?docID=1608007  |y Click for online access 
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