03715nam 2200661 450 991046359380332120190418213435.01-4623-6184-61-4527-3596-497866128415071-282-84150-51-4518-7057-4(CKB)3170000000055101(EBL)1608007(SSID)ssj0000944022(PQKBManifestationID)11528592(PQKBTitleCode)TC0000944022(PQKBWorkID)10978599(PQKB)10125518(OCoLC)762167491(MiAaPQ)EBC1608007(EXLCZ)99317000000005510120140226h20082008 uy 0engtxtccrEfficiency costs of Myanmar's multiple exchange rate regime /Masahiro Hori and Yu Ching Wong[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (32 p.)IMF Working PapersIMF working paper ;WP/08/199Description based upon print version of record.1-4519-1510-1 Includes bibliographical references.Contents; 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 Trade4. 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)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 percentIMF Working PapersForeign exchange ratesBurmaEconometric modelsEconomic policyEconometric modelsForeign exchange ratesEconometric modelsBurmaEconomic policyEconometric modelsElectronic books.Foreign exchange ratesEconometric models.Economic policyEconometric models.Foreign exchange ratesEconometric models.332.45Hori Masahiro860292Wong Yu Ching860293MiAaPQMiAaPQMiAaPQBOOK9910463593803321Efficiency costs of Myanmar's multiple exchange rate regime1919616UNINA