Monetary Policy Transmission in Vietnam: Evidence From A VAR Approach

14 Pages Posted: 18 Aug 2014 Last revised: 11 Oct 2014

See all articles by Canh Nguyen

Canh Nguyen

University of Economics Ho Chi Minh City

Xuan Vinh Vo

University of Economics Ho Chi Minh City; French-Vietnamese Center for Management Education (CFVG) in Ho Chi Minh City

Date Written: August 18, 2014

Abstract

A thorough understanding of transmission mechanism is a key for central bank in implementing monetary policy successful. We use VAR model with monthly data from 2003M1 to 2012M12 to investigate the existence of interest rate channel, exchange rate channel and asset price channel in Vietnam. We find evidence of cost channel, meanwhile exchange rate channel and asset price channel are not existed in Vietnam.

Keywords: monetary policy transmission, VAR, cost channel

JEL Classification: E52, E58, G28

Suggested Citation

Nguyen, Canh and Vo, Xuan Vinh, Monetary Policy Transmission in Vietnam: Evidence From A VAR Approach (August 18, 2014). 27th Australasian Finance and Banking Conference 2014 Paper. Available at SSRN: https://ssrn.com/abstract=2482389 or http://dx.doi.org/10.2139/ssrn.2482389

Canh Nguyen

University of Economics Ho Chi Minh City ( email )

59C Nguyen Dình Chieu
6th Ward, District 3
Ho Chi Minh City, Ho Chi Minh 70000
Vietnam

Xuan Vinh Vo (Contact Author)

University of Economics Ho Chi Minh City ( email )

Ho Chi Minh City, Ho Chi Minh City
Vietnam

HOME PAGE: http://www.ueh.edu.vn

French-Vietnamese Center for Management Education (CFVG) in Ho Chi Minh City

91 Ba Thang Hai Street
District 10
Ho Chi Minh City
Vietnam

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