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ID132572
Title ProperForeign exchange market reform in Myanmar
Other Title Informationachievements and challenges
LanguageENG
AuthorKubo, Koji
Publication2014.
Summary / Abstract (Note)Myanmar has made an overt move from a de facto multiple exchange rate system to a managed floating exchange system, but the impact of reform of the foreign exchange market on the economy remains unclear. While reform measures have alleviated segmentation within the foreign exchange market, they have not completely driven out transactions that take place within a pre-existing parallel market. Such transactions may be cost efficient for individual firms, but could hinder the development of the financial sector.
`In' analytical NoteJournal of Southeast Asian Economies Vol.31, No.2; Aug.2014: p.210-224
Journal SourceJournal of Southeast Asian Economies Vol.31, No.2; Aug.2014: p.210-224
Key WordsForeign Exchange ;  Market Reform ;  Economic Policy ;  Economic Reform ;  Myanmar ;  Parallel Market ;  Exchange System ;  Financial Sector