Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/128557 
Year of Publication: 
2015
Series/Report no.: 
ADB Economics Working Paper Series No. 431
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
Myanmar's macroeconomic policy framework does not adequately support the new functions of the Central Bank of Myanmar. The monetary policy regime is deficient and institutions that complement the working of a market-based economy lacking. 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. This is 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. The latter includes elevating the policy process, central banking functions, and institutional roles to match the tasks of a modern monetary authority in a market-based economy.
Subjects: 
central bank
financial markets
monetary policy
Myanmar
JEL: 
E51
E52
E58
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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