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Myanmar’s Foreign Exchange Market

Controls, Reforms, and Informal Market

Authors: Kubo, Koji

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  • Is the first academic book based on long-term records and extensive fieldwork that unveils  functioning of the complex foreign exchange systems in Myanmar
  • Elucidate trajectory of the chaotic but seemingly efficient foreign exchange market and persistence of informal currency deals
  • Serves as an essential reference for researchers interested in foreign exchange policy reforms of fragile states
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eBook $89.00
price for USA in USD (gross)
  • ISBN 978-981-13-1789-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-981-13-1788-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $119.99
price for USA in USD
  • ISBN 978-981-13-4685-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This is the first book dedicated to the scrutinization of Myanmar's unofficial foreign exchange market, its roots in restrictive administrative controls on foreign exchange and international trade, and its effects on the country’s economic performance. This book integrates vast pieces of records and data with first-hand information from extensive fieldwork to create an overall picture of the chaotic but seemingly efficient foreign exchange market in Myanmar, a transitional economy in Southeast Asia whose economic systems had been less known due to its isolation until recently.  This book illustrates how the unofficial foreign exchange market emerged during the country’s transition to a market-based economy, how informal currency deals proliferated under restrictive controls, and why they persist despite the significant economic reforms since 2011. Refuting the conventional wisdom of foreign exchange policy reforms, this research clarifies path-dependent features of foreign exchange market systems, and it discusses possible solutions for modernizing economic systems. This book is highly recommended to readers who seek an in-depth analytical narrative about informal economic activities and foreign exchange policy reforms in a fragile state.

About the authors

Koji Kubo is a senior research fellow at the Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO). Earlier drafts of this book were written while he was affiliated with the JETRO Bangkok Office as a researcher and with the Institute of Asian Studies, Chulalongkorn University in Thailand as a visiting researcher. He has a Ph.D. in international public policy from Osaka University and degrees from Kyoto University and the University of Sussex.

Dr. Kubo's research focuses on the evolution of economic institutions in Myanmar. His analyses of the Myanmar economy have appeared in the ASEAN Economic Bulletin, Asian-Pacific Economic Literature, the Journal of Southeast Asian Economies, and Post-Communist Economies. He is the editor of Dollarization and De-dollarization in Transitional Economies of Southeast Asia (2017).

Table of contents (7 chapters)

Table of contents (7 chapters)
  • Introductory Chapter: Myanmar’s Foreign Exchange Market—Controls, Reforms, and Informal Market

    Pages 1-22

    Kubo, Koji

  • Piecemeal Reforms in the 1990s and Forex Market Segmentation between State and Private Sectors

    Pages 23-38

    Kubo, Koji

  • Unofficial Forex Market and Informal Economic Activities under Exchange Restrictions on the Private Sector

    Pages 39-61

    Kubo, Koji

  • Import Controls, Natural Resource Booms, and Extraordinary Real Exchange Rate Appreciation in 2007–2011

    Pages 63-77

    Kubo, Koji

  • Foreign Exchange Market Reform since 2011: Linkage between the Official and Unofficial Markets

    Pages 79-95

    Kubo, Koji

Buy this book

eBook $89.00
price for USA in USD (gross)
  • ISBN 978-981-13-1789-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-981-13-1788-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $119.99
price for USA in USD
  • ISBN 978-981-13-4685-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Myanmar’s Foreign Exchange Market
Book Subtitle
Controls, Reforms, and Informal Market
Authors
Copyright
2018
Publisher
Springer Singapore
Copyright Holder
IDE-JETRO
eBook ISBN
978-981-13-1789-7
DOI
10.1007/978-981-13-1789-7
Hardcover ISBN
978-981-13-1788-0
Softcover ISBN
978-981-13-4685-9
Edition Number
1
Number of Pages
XVIII, 126
Number of Illustrations
20 illustrations in colour
Topics