EXCHANGE RATE POLICY OF VIETNAM pps

... of the volatility of exchange rates. Trends in exchange rates Figure 1 illustrates annual movements of the nominal VND/USD rate (of which a rise corresponds to a weakening of the VND) from ... State Bank of Vietnam (SBV). The focus of policy in this area has been the nominal, bilateral VND/USD exchange rate. At the time of writing, banks were allowed to quote...

Ngày tải lên: 07/03/2014, 18:20

... first group: Interest rate effect: Exchange rate effect: In the second group: Interest rate effect: Exchange rate effect: In the third group: Interest rate effect: Exchange rate effect: First Interstate; ... with respect to interest rate versus currency derivatives separately, affect a bank’s interest rate and exchange rate risk profile. Comparison of the effect o...

Ngày tải lên: 29/03/2014, 13:20

... a variant of Equation 1 (replacing the portfolio of bank returns with the treasury bill rate) and obtain an estimate of the exchange rate of exposure of 0.049, with a standard error of 0.014, ... similar studies of other types of firms. 3. Measures of the Determinants of Foreign Exchange Exposure There are many potential sources of foreign exchange exposure. The...

Ngày tải lên: 29/03/2014, 13:20

... state-dependent exchange- rate rule, which induces a real appreciation of the trade-weighted US$ exchange rate of about 20% for about two years, and an output gap of 1.8 %. The exchange rate peg appears ... nominal exchange rate as the policy instrument whenever the economy is stuck at the zero bound. He suggests to set the rate of change of the nominal exchange...

Ngày tải lên: 22/03/2014, 23:20

... 0.92 Revision of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) Indices * The indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) ... provided in Tables 50 and 51 of the December issue of RBI Bulletin. Table 4: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Ra...

Ngày tải lên: 17/09/2012, 16:47

... of the monetary exchange rate model for three high-inflation countries, Journal of Money, Credit and Banking, 26, 396-411. Meese, R.A. and K. Rogoff (1983): Empirical Exchange Rate Models of ... impulse dummies). The exchange rate model therefore contains three lags of the difference of each of 7 If i q is the quarterly interest rate and i a is the annual...

Ngày tải lên: 15/02/2014, 05:20

Ngày tải lên: 18/02/2014, 11:20

Ngày tải lên: 18/02/2014, 11:20

Ngày tải lên: 07/03/2014, 02:20