Since 2014
Monetary Policy Transmission Through the Rate Channel in Some Countries in ASEAN
Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Monetary Policy Transmission Through the Rate Channel in Some Countries in ASEAN
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| Creator |
Quynh Dung, Nguyen Thi
An, Pham Thi Ha |
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| Description |
Using a quantitative regression of table data through FEM and REM models, the study has measured the extent and direction of exchange rate impacts on the economic growth of five ASEAN countries namely, Vietnam, Indonesia, Singapore, Philippines, Malaysia, in the period of 1985-2015. The estimation results show that for every 1% rise in the real exchange rate, the multilateral force will have a positive impact, since the speed of economic growth of five countries increased by 2.09%. This result is consistent with some previous studies, especially in some developing countries. Further, the thesis has assessed the exchange rate policy in Vietnam and analyzed the situation. As a result, the authors have made some recommendations for exchange rate policy. The recommendations focus on the State’s intervention in adjusting the exchange rate and pay attention to the real exchange rate for policy evaluation. The recommendations of the thesis are consistent with the actual situation in the five ASEAN countries in order to stabilize economic growth.
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| Publisher |
Redfame Publishing
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| Contributor |
—
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| Date |
2020-02-21
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/aef/article/view/4729
10.11114/aef.v7i2.4729 |
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| Source |
Applied Economics and Finance; Vol 7, No 2 (2020); 57-66
2332-7308 2332-7294 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/aef/article/view/4729/4914
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| Rights |
Copyright (c) 2020 Applied Economics and Finance
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