Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128557
Authors: 
Nijathaworn, Bandid
Chaikhor, Suwatchai
Chotika-arpa, Suppakorn
Sakkankosone, Suchart
Year of Publication: 
2015
Series/Report no.: 
ADB Economics Working Paper Series 431
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: 
http://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper

Files in This Item:
File
Size
588.16 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.