Myanmar's macroeconomic policy framework does not adequately support the new functions of the Central Bank of Myanmar …. This paper identifies 10 priority areas for reform to allow the central bank to effectively perform its emerging new … development; and enhance central bank policy capacity. The latter includes elevating the policy process, central banking functions …

Despite major recent advance in the literature on financial crises, the key role of central banks in the dynamics of … crises by explicitly modeling the strategic options of both traders and central banks. We analyze a global game in which both … speculative traders and the central bank face imperfect information. In case of an attack, the central bank basically faces three …