Maung Bo (Myan Aung) - Finance, Banking, Financial Markets and Capital Markets

Author's note

Myanmar is a member of the Association of Southeast Asian Nations (ASEAN). ASEAN countries are currently building a market economy and developing their economies. Myanmar is also building and implementing a market economy. When ASEAN countries come together as a group and cooperate in economic activities, only when all member countries work together can ASEAN be at par with other countries in the world and with regional economic groupings that are formed by countries like us.

The Association of Southeast Asian Nations (ASEAN) has ten (10) member countries. There are various types of countries: those that have been able to build a strong market economy and are developing their economies; those that have been able to build a moderately strong market economy and are developing their economies; and those that have not yet built a strong market economy and are lagging behind in economic development. Among them, it has been found that the countries that have not yet built a strong market economy and are lagging behind in economic development are Laos, Cambodia, and Myanmar.

Maung Bo (Myan Aung) As ASEAN, we have been working to develop a market economy system in the underdeveloped Laos, Cambodia and Myanmar in order to ensure the equal development of all ASEAN member countries.

It is known that a time frame has been set for these countries to develop their capital markets by 2015 with the aim of achieving this. The foundations of a market economy are that a country needs to have a systematic Money and Banking System, s 2369:54:03.08ı (Financial Market)ąp:1 gəq&:sa&:cquinzas (Capital Market) and a systematic and smooth international trade.

In order to do this, it is also necessary for the foreign exchange market in the country to be well developed.

ASEAN aims to develop capital markets in the least developed member countries of Laos, Cambodia, and Myanmar by 2015.

It is necessary to study and analyze the development status of Myanmar's capital market by setting a time frame and encouraging it. So what is the capital market? What should be done to develop the capital market? The capital market is a market economy based on private enterprises. In order for private enterprises to develop and grow, they need to be able to collect and find sufficient capital to operate widely. The market that can create such capital collection programs is the capital market. You

So what are the markets where private businesses can raise capital? There are two main types of markets where they can raise capital. The first is the bond market, and the second is the

Money, banking, financial markets and capital markets are the stock market. How developed are Myanmar's bond market and stock market?

It is known that the Central Bank of Myanmar issued two-year Treasury Bonds in early 2010. Media reports say that the issuance of Treasury Bonds by the Central Bank is an initial step towards the development of a capital market in Myanmar. Although commercial companies are also allowed to issue bonds, it has been found that Myanmar companies have not yet started raising capital by issuing bonds. Therefore, it has been found that a broad bond market has not yet been established.

In order to start implementing the stock market, which is a part of the capital market, the Diawa Institute of Research in Japan has been conducting research and providing assistance in Myanmar, but so far, a stock exchange has not been established.

It is seen that. Japan Dai Company and Myanmar Economic Bank jointly established Myanma Securities Exchange Centre Co., Ltd (MSEC)og ops: and shares issued by public companies that are authorized to issue and sell shares in Myanmar are offered to the public.

It is known that they only provide sales services. However, most of the companies formed in Myanmar are private companies that do not have the right to issue and sell shares, and there are few public companies that have the right to issue and sell shares that can develop a capital market, so a stock exchange has not yet emerged in Myanmar.

Laos, a country that is still underdeveloped like Myanmar, and Cambodia

Maung Bo (Myan Aung) When I took a quick look at the situation in these countries,

The South Korean Stock Exchange is participating in the recently opened Lao Stock Exchange and is also participating in the Cambodian Stock Exchange, which is scheduled to open in July, according to a report in the Modern News Journal on February 4, 2011. According to this report, Laos and Cambodia have established and are in the process of establishing stock exchanges. In this regard, it is considered that Myanmar should take timely steps to develop its capital market in order to catch up with ASEAN countries.

Therefore, in order to fully develop a market economy in Myanmar, which is about to build a modern and developed nation, we must present the fundamentals of the market economy and the steps needed to develop these fundamentals.

Maung Bo (Myan Aung)

2011

Author's note

Part (1) Money and Banking

• What is money? • Types of money (or payment methods) 8 Banking system • Functions of the central bank • Functions of commercial banks

Part (2) Monetary Policy

Part (3) Financial Markets

• Functions of Financial Markets • Structure of Financial Markets • Loan and Equity Markets Primary and Secondary Markets