Have Reforms Established Transmission Channels of Exchange Rate Policy in Myanmar?

机译：在缅甸改革制定了汇率政策的传输渠道吗？

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While Myanmar moved to a floating exchange rate regime from a fixed exchange rate regime in April 2012, parallel market transactions of foreign exchange remained pervasive. This paper investigates the question whether the reforms have established a transmission channel of exchange rates from the formal to parallel markets. The empirical results of VAR analysis with the daily exchange rates indicate that the Central Bank has been following the parallel rate rather than guiding it, implying that a transmission channel is yet to be established.

机译：缅甸在2012年4月从固定汇率制度转移到浮动汇率制度，外汇的平行市场交易仍然普遍存在。本文调查了改革是否建立了从正式到平行市场的汇率传输渠道的问题。随着日本汇率的VAR分析的经验结果表明，中央银行一直遵循平行速率而不是引导它，这意味着尚未建立传输信道。

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来源
《International Conference on Applied Economics》|2014年||共9页
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作者
Koji Kubo;
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原文格式 PDF
正文语种
中图分类国际贸易;
关键词
transmission channels; exchange rate policy; Myanmar; VAR;

机译：传输渠道;汇率政策;缅甸;var;

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4. Have Reforms Established Transmission Channels of Exchange Rate Policy in Myanmar? [C] . Koji Kubo International Conference on Applied Economics . 2014

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Have Reforms Established Transmission Channels of Exchange Rate Policy in Myanmar?

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