LEADER 03715nam 2200661 450 001 9910463593803321 005 20190418213435.0 010 $a1-4623-6184-6 010 $a1-4527-3596-4 010 $a9786612841507 010 $a1-282-84150-5 010 $a1-4518-7057-4 035 $a(CKB)3170000000055101 035 $a(EBL)1608007 035 $a(SSID)ssj0000944022 035 $a(PQKBManifestationID)11528592 035 $a(PQKBTitleCode)TC0000944022 035 $a(PQKBWorkID)10978599 035 $a(PQKB)10125518 035 $a(OCoLC)762167491 035 $a(MiAaPQ)EBC1608007 035 $a(EXLCZ)993170000000055101 100 $a20140226h20082008 uy 0 101 0 $aeng 181 $ctxt 182 $cc 183 $acr 200 10$aEfficiency costs of Myanmar's multiple exchange rate regime /$fMasahiro Hori and Yu Ching Wong 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (32 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/199 300 $aDescription based upon print version of record. 311 $a1-4519-1510-1 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $a4. 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) 330 $aMyanmar's multiple exchange rate system creates various economic distortions. This paper describes the exchange rate practices in Myanmar, develops a model of foreign exchange markets, and presents the efficiency costs imposed by quasi-fiscal operation under the current exchange rate regime. The results of our model-based analyses indicate that the equilibrium exchange rate under the unified market could be at around K 400-500 per U.S. dollar, and using the equilibrium exchange rate (instead of the official exchange rate) as the accounting rate increases trade openness to more than 20 percent 410 0$aIMF Working Papers 606 $aForeign exchange rates$zBurma$xEconometric models 606 $aEconomic policy$xEconometric models 606 $aForeign exchange rates$xEconometric models 607 $aBurma$xEconomic policy$xEconometric models 608 $aElectronic books. 615 0$aForeign exchange rates$xEconometric models. 615 0$aEconomic policy$xEconometric models. 615 0$aForeign exchange rates$xEconometric models. 676 $a332.45 700 $aHori$b Masahiro$0860292 701 $aWong$b Yu Ching$0860293 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463593803321 996 $aEfficiency costs of Myanmar's multiple exchange rate regime$91919616 997 $aUNINA