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Highlights in Managing Monetary Policy of Vietnam in Post-Crisis Period

Author

Listed:
  • Bac Cong Truong
  • Phan Quan Viet
  • Vu Thi Kim Hanh
  • Ho Thi Phuong Thao
  • Le Huong Duong
  • Nguyen Ho Viet Anh

Abstract

This paper focuses on assessing highlights in the managing monetary policy in post-crisis period from 2011 to present in Vietnam in order to identifies key messages which helped Vietnam overcome the financial crisis 2007-2008 and keep the growth rate stably at high level, to be one of highest growth rate in the world. The research used aggregated methods, descriptive statistics and analysis based on World Bank, International Monetary Fund, Central Bank of Vietnam data sources. The results shown that the monetary policy in Vietnam in this period had a flexible transition in its management objectives, coordinated in close with fiscal policy to achieve macro goals, besides changing the regulatory mechanism by volume to operating with interest rates and combined with other operating tools more diverse.

Suggested Citation

  • Bac Cong Truong & Phan Quan Viet & Vu Thi Kim Hanh & Ho Thi Phuong Thao & Le Huong Duong & Nguyen Ho Viet Anh, 2020. "Highlights in Managing Monetary Policy of Vietnam in Post-Crisis Period," Journal of Asian Development, Macrothink Institute, vol. 6(1), pages 1-16, April.
    • Handle: RePEc:mth:jad888:v:6:y:2020:i:1:p:1-16
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    References listed on IDEAS

    as
    1. Thi Mai Lan Nguyen & Elissaios Papyrakis & Peter A.G Van Bergeijk, 2019. "Assessing the price and output effects of monetary policy in Vietnam: evidence from a VAR analysis," Applied Economics, Taylor & Francis Journals, vol. 51(44), pages 4800-4819, September.
    2. Anwar, Sajid & Nguyen, Lan Phi, 2018. "Channels of monetary policy transmission in Vietnam," Journal of Policy Modeling, Elsevier, vol. 40(4), pages 709-729.
    3. Le Viet, H. & Pfau, W.D., 2009. "VAR Analysis of the Monetary Transmission Mechanism in Vietnam," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
    4. Xuan Vinh Vo & Phuc Canh Nguyen, 2017. "Monetary Policy Transmission in Vietnam: Evidence from a VAR Approach," Australian Economic Papers, Wiley Blackwell, vol. 56(1), pages 27-38, March.
    5. Frank Heinemann, 2008. "Escaping from a Combination of Liquidity Trap and Credit Crunch," CESifo Working Paper Series 2450, CESifo.
    6. Harry G. Johnson, 1965. "Monetary Theory and Policy," Palgrave Macmillan Books,, Palgrave Macmillan.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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