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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/1164

タイトル: Real exchange rate appreciation, resource boom, and policy reform in Myanmar
著者: Kubo, Koji
久保, 公二
キーワード: Myanmar
Foreign exchange
Exchange control
Trade policy
Imports
Real exchange rate
Resource boom
Import controls
Issue Date: Jul-2012
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 358. 2012.7
抄録: In the five-year period from 2006 to 2011, the real exchange rate of the Myanmar kyat appreciated 200 percent, signifying that the value of the US dollar in Myanmar diminished to one third of its previous level. While the resource boom is suspected as a source of the real exchange rate appreciation, its aggravation is related to administrative controls on foreign exchange and imports. First, foreign exchange controls prevented replacement of the negotiated transactions of foreign exchange with the bank intermediation. This hampered government interventions in the market. Second, import controls repressed imports, aggravating excess supply of foreign exchange. Relaxation of administrative controls is necessary for moderating currency appreciation.
URI: http://hdl.handle.net/2344/1164
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東南アジア(Southeast Asian Studies)

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