Monetary Policy and Foreign Exchange Management: Reforming Central Bank Functions in Myanmar
Nijathaworn, Bandid; Chaikhor, Suwatchai; Chotika-arpa, Suppakorn; Sakkankosone, Suchart | May 2015
Abstract
Myanmar’s macroeconomic policy framework does not adequately support the new functions of the Central
Bank of Myanmar. This paper identifies 10 priority areas for reform to allow the central bank to effectively
perform its emerging new functions in support of economic growth and stability. These priority areas entail
a three-front effort: dismantle nonmarket arrangements, especially in the finance sector; implement a
monetary policy framework and operational procedures, including financial markets development; and
enhance central bank policy capacity.
Citation
Nijathaworn, Bandid; Chaikhor, Suwatchai; Chotika-arpa, Suppakorn; Sakkankosone, Suchart. 2015. Monetary Policy and Foreign Exchange Management: Reforming Central Bank Functions in Myanmar. © Asian Development Bank. http://hdl.handle.net/11540/4345. License: CC BY 3.0 IGO.ISSN
2313-6537 (Print), 2313-6545 (e-ISSN)
Keywords
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Planning
Macroeconomic Stabilization
Macroeconomic Reform
Economic dependence
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