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Foreign Exchange Policy Reform and Informal Currency Deals in Myanmar

Research Project

Project/Area Number 18K01640
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Review Section Basic Section 07040:Economic policy-related
Research InstitutionGakushuin University (2021-2023)
Institute of Developing Economies, Japan External Trade Organization (2018-2020)

Principal Investigator

Kubo Koji  学習院大学, 国際社会科学部, 教授 (00450528)

Project Period (FY) 2018-04-01 – 2024-03-31
Project Status Completed (Fiscal Year 2023)
Budget Amount *help
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2020: ¥260,000 (Direct Cost: ¥200,000、Indirect Cost: ¥60,000)
Fiscal Year 2019: ¥260,000 (Direct Cost: ¥200,000、Indirect Cost: ¥60,000)
Fiscal Year 2018: ¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000)
Keywordsミャンマー / 外国為替市場 / 非公式な経済 / 非公式な外貨取引 / クーデター / 外貨供出 / 外国為替制度改革 / 外国為替管理制度
Outline of Final Research Achievements

This study examines why Myanmar's private exporters and importers continue to engage in informal foreign currency transactions even after the 2012 reforms eliminated dual exchange rate conditions. In place of a firm survey, which could not be conducted due to the political upheaval in Myanmar, this study uses firm survey data from Cambodia, where foreign currency transactions outside banks are as common as in Myanmar, to analyze firms' choice of foreign currency exchange between banks and non-banks. The results revealed that the degree of cash use and exchange rate perceptions influence the choice of foreign currency exchange method. Furthermore, case studies of Myanmar's border trade and worker remittances confirmed that informal foreign currency markets combined with remittance systems have developed and provided competitive services that outperform the formal market.

Academic Significance and Societal Importance of the Research Achievements

2021年の軍事クーデター以降、裁量的な規制が次々と導入されているミャンマーでは非公式な経済活動の拡大が推測されるが、そうした事象についての研究は限られている。本研究は、ミャンマーの非公式な経済活動について社会的関心に応えるものとして意義がある。

Report

(7 results)
  • 2023 Annual Research Report   Final Research Report ( PDF )
  • 2022 Research-status Report
  • 2021 Research-status Report
  • 2020 Research-status Report
  • 2019 Research-status Report
  • 2018 Research-status Report
  • Research Products

    (6 results)

All 2021 2019 2018

All Journal Article (2 results) (of which Int'l Joint Research: 2 results,  Peer Reviewed: 2 results) Presentation (4 results) (of which Int'l Joint Research: 2 results)

  • [Journal Article] How Chinese demand for fresh fruit and vegetables is creating new landscapes of rural development and vulnerability in Southeast Asia: Insights from the Myanmar melon frontier2021

    • Author(s)
      Kubo Koji、Pritchard Bill、Phyo Aye Sandar
    • Journal Title

      Geoforum

      Volume: 122 Pages: 32-40

    • DOI

      10.1016/j.geoforum.2021.03.008

    • Related Report
      2021 Research-status Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Currency exchange under payments dollarization: converting a source of efficiency loss into a catalyst for financial development in Cambodia2021

    • Author(s)
      Kubo Koji、Sam Vichet、Chea Yuthan
    • Journal Title

      Journal of the Asia Pacific Economy

      Volume: - Issue: 1 Pages: 216-241

    • DOI

      10.1080/13547860.2021.1879351

    • Related Report
      2020 Research-status Report
    • Peer Reviewed / Int'l Joint Research
  • [Presentation] ミャンマーにおける中国元の国際化2019

    • Author(s)
      久保公二
    • Organizer
      日本国際経済学会第78回全国大会
    • Related Report
      2019 Research-status Report
  • [Presentation] Economic returns to Thai language skills among unskilled Myanmar migrant workers2018

    • Author(s)
      Kubo, Koji
    • Organizer
      Association of Southeast Asian Studies (ASEASUK)
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] タイにおけるミャンマー人移民労働者の言語能力と賃金の関係について2018

    • Author(s)
      久保公二
    • Organizer
      日本国際経済学会
    • Related Report
      2018 Research-status Report
  • [Presentation] Dollarization and moneychangers/ exchange rate system2018

    • Author(s)
      Kubo, Koji
    • Organizer
      East Asian Economic Association International Convention
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research

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Published: 2018-04-23   Modified: 2025-01-30  

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