Title: Can devaluation be effective in improving the balance of payments in Vietnam

Economists and policy makers in Vietnam have been discussing about the possibility of using devaluation to encourage exports and improve the balance of payments, while maintaining macroeconomic stability. The empirical results of this paper show that there has been two-way causality between money su...

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Main Authors:	Nguyen, Ngoc Thanh, Kalirajan, Kaliappa
Format:	Article
Language:	English
Published:	ĐHKT 2016
Subjects:	Journal of Policy Modeling Vietnam in the 1990s
Online Access:	http://repository.vnu.edu.vn/handle/VNU_123/13437
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Institution:	Vietnam National University, Hanoi
Language:	English

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spelling	oai:112.137.131.14:VNU_123-134372020-07-01T08:11:37Z Title: Can devaluation be effective in improving the balance of payments in Vietnam Nguyen, Ngoc Thanh Kalirajan, Kaliappa Journal of Policy Modeling Vietnam in the 1990s Economists and policy makers in Vietnam have been discussing about the possibility of using devaluation to encourage exports and improve the balance of payments, while maintaining macroeconomic stability. The empirical results of this paper show that there has been two-way causality between money supply growth and inflation, exchange rate and inflation, and money supply growth and exchange rate in Vietnam in the 1990s. Both the long run and short run results of this paper suggest that devaluation can be implemented to encourage exports and to improve current account balance and BOP, and also to reduce the real exchange rate appreciation in the short run. 2016-08-18T02:38:45Z 2016-08-18T02:38:45Z 2006 Article http://repository.vnu.edu.vn/handle/VNU_123/13437 en application/pdf ĐHKT
institution	Vietnam National University, Hanoi
building	VNU Library & Information Center
country	Vietnam
collection	VNU Digital Repository
language	English
topic	Journal of Policy Modeling Vietnam in the 1990s
spellingShingle	Journal of Policy Modeling Vietnam in the 1990s Nguyen, Ngoc Thanh Kalirajan, Kaliappa Title: Can devaluation be effective in improving the balance of payments in Vietnam
description	Economists and policy makers in Vietnam have been discussing about the possibility of using devaluation to encourage exports and improve the balance of payments, while maintaining macroeconomic stability. The empirical results of this paper show that there has been two-way causality between money supply growth and inflation, exchange rate and inflation, and money supply growth and exchange rate in Vietnam in the 1990s. Both the long run and short run results of this paper suggest that devaluation can be implemented to encourage exports and to improve current account balance and BOP, and also to reduce the real exchange rate appreciation in the short run.
format	Article
author	Nguyen, Ngoc Thanh Kalirajan, Kaliappa
author_facet	Nguyen, Ngoc Thanh Kalirajan, Kaliappa
author_sort	Nguyen, Ngoc Thanh
title	Title: Can devaluation be effective in improving the balance of payments in Vietnam
title_short	Title: Can devaluation be effective in improving the balance of payments in Vietnam
title_full	Title: Can devaluation be effective in improving the balance of payments in Vietnam
title_fullStr	Title: Can devaluation be effective in improving the balance of payments in Vietnam
title_full_unstemmed	Title: Can devaluation be effective in improving the balance of payments in Vietnam
title_sort	title: can devaluation be effective in improving the balance of payments in vietnam
publisher	ĐHKT
publishDate	2016
url	http://repository.vnu.edu.vn/handle/VNU_123/13437
_version_	1680965037116620800

Title: Can devaluation be effective in improving the balance of payments in Vietnam

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