Deposit dollarization in Myanmar
Data(s) |
24/08/2014
24/08/2014
01/08/2014
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Resumo |
Myanmar has peculiar conditions of deposit dollarization that were shaped by administrative controls. On the one hand, restrictive controls encouraged the accumulation of foreign currency deposits (FCD). On the other hand, foreign currency loans (FCL) were not practiced officially; therefore, FCD was not utilized for credit. Given the adverse effects and persistence of dollarization in other dollarized economies and the recent recovery of local currency deposits in Myanmar, this paper opts for the prohibition of FCL and offers policy measures for de-dollarization. |
Identificador |
IDE Discussion Paper. No. 473. 2014.8 http://hdl.handle.net/2344/1378 IDE Discussion Paper 473 |
Idioma(s) |
en eng |
Publicador |
Institute of Developing Economies, JETRO 日本貿易振興機構アジア経済研究所 |
Palavras-Chave | #Myanmar #Foreign exchange #Monetary policy #Dollarization #Foreign currency deposits #Foreign currency loans #338.95 #AHBR Myanmar ミャンマー #E41 - Demand for Money #F31 - Foreign Exchange #O53 - Asia including Middle East |
Tipo |
Working Paper Technical Report |