Costs of Myanmar's multiple exchange-rate regime
Myanmar's multiple exchange-rate regime creates various economic distortions. This paper describes the exchange-rate practices in Myanmar and develops a model of foreign exchange markets to estimate the welfare costs imposed by the current regime. Our analysis suggests that the equilibrium exchange rate could be around 400--500 kyat per US dollar, and trade openness measured using the equilibrium rate increases to more than 20% of gross domestic product (GDP) from less than 1% in the official statistics. The total welfare loss caused by the current regime is estimated to be in the order of 14--17% of GDP.
Knowing the feasibility of the business of an enterprise is a consideration in starting a business. The purpose of this study was to determine whether there is any possibility of business development based on investment proposals Laundry The Blues. From the calculation of capital budgeting methods, the company obtained a Payback Period 11 months 19 days, faster than the economic life of the business for three years. Method Net Present Value NPV value of Rp.44.864.769, - which means that are positive. Profitability Index Method states that each invested Rp.1 produce Rp.2, 47 in the future. Method Internal Rate of Return of 88.2% is considered beneficial. The decision that the business expansion plan in the Laundry The Blues can be accepted and feasible to be implemented.