Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

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 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.

Foreign exchange rates --- Economic policy --- Econometric models. --- Burma --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Rates --- Birmanskiĭ Soi︠u︡z --- Union of Burma --- Burma (Union) --- Socialist Republic of the Union of Burma --- Pyidaungsu Myanmma Naing Ngan-Daw --- Birmanie --- Birmânia --- Myanmar --- Mien Chin --- Burmah --- Pyidaungzu Myanma Naingngandaw --- Myanma Naingngandaw --- Pyidaungsu Socialist Thammada Myanma Naingngandaw --- Mranʻ mā --- Praññʻ thoṅʻ cu Chuirhayʻlacʻ Sammata Mranʻ mā Nuiṅʻ ṅaṃ toʻ --- Union of Myanmar --- Birma --- Myanma --- Republic of the Union of Myanmar --- Pyidaunzu Thanmăda Myăma Nainngandaw --- Mianmar --- Unie van Mianmar --- Unie van Birma --- Pyi-daung-zu Myan-mar Naing-ngan-daw --- Myanma Birliyi Respublikası --- М'янма --- M'i︠a︡nma --- Рэспубліка Саюз М'янма --- Rėspublika Sai︠u︡z M'i︠a︡nma --- П'ідаўнзу М'янма Найнганда --- P'idaŭnzu M'i︠a︡nma Naĭnhanda --- Саюз М'янма --- Sai︠u︡z M'i︠a︡nma --- Mijanmar --- Mijanmarska Unija --- Мианмар --- Република Съюз Мианмар --- Republika Sŭi︠u︡z Mianmar --- República de la Unió de Myanmar --- Birmanya --- Barma --- Svazová republika Myanmar --- Undeb Myanmar --- Myanmar Unionens Republik --- Pyidaungsu Thamada Myanmar Naing-Ngan-Daw --- Pye Tawngsu Thammada Myanma Naingngan --- Republik der Union von Myanmar --- Myanmari Liidu Vabariik --- Μιανμάρ --- ʼΕνωση του Μιανμαρ --- Enōsē tou Mianmar --- Βιρμανία --- Virmania --- Μπούρμα --- Bourma --- Δημοκρατία της ʼΕνωσης της Μιανμάρ --- Dēmokratia tēs Enōsēs tēs Mianmar --- Unión de Myanmar --- República de la Unión de Myanmar --- Birmo --- Mjanmao --- Mjanmaa Unio --- Myanmarko Batasuna --- République de l'Union du Myanmar --- Myanmarin tasavallan unioni --- Puruma --- Maenmar --- Unión de Birmania --- Mjanmar --- Mjanma --- Unija Mjanmar --- Mianmari Államszövetség Köztársasága --- ミャンマー --- 미얀마 --- Miyanma --- 버마 --- Bŏma --- 缅甸 --- Miandian --- Praññʻ thoṅʻ cu Sammata Mranʻ mā Nuiṅʻ ṅaṃ toʻ --- Mranʻ mā Nuiṅʻ ṅaṃ toʻ --- Pyidaungzu Thammada Myanma Naingngandaw --- National Unity Government of Myanmar --- National Unity Government of the Republic of the Union of Myanmar --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Public Enterprises --- Public-Private Enterprises --- Trade: General --- Currency --- Civil service & public sector --- International economics --- Public sector --- Exports --- Market exchange rates --- Exchange rate arrangements --- Finance, Public