Efficiency costs of Myanmar's multiple exchange rate regime / / Masahiro Hori and Yu Ching Wong
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| Autore: |
Hori Masahiro
|
| Titolo: |
Efficiency costs of Myanmar's multiple exchange rate regime / / Masahiro Hori and Yu Ching Wong
|
| Pubblicazione: | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
| ©2008 | |
| Descrizione fisica: | 1 online resource (32 p.) |
| Disciplina: | 332.45 |
| Soggetto topico: | Foreign exchange rates - Burma - Econometric models |
| Economic policy - Econometric models | |
| Foreign exchange rates - Econometric models | |
| Soggetto geografico: | Burma Economic policy Econometric models |
| Soggetto genere / forma: | Electronic books. |
| Altri autori: |
WongYu Ching
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | 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 Trade |
| 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) | |
| Sommario/riassunto: | 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 |
| Titolo autorizzato: | Efficiency costs of Myanmar's multiple exchange rate regime |
| ISBN: | 1-4623-6184-6 |
| 1-4527-3596-4 | |
| 9786612841507 | |
| 1-282-84150-5 | |
| 1-4518-7057-4 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910463593803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers