Nguyễn văn đán điểm mới của la ta

THE SOCIALIST REPUBLIC OF VIETNAM Independence-Freedom-Happiness ***** NEW CONTRIBUTIONS OF THE THESIS Introduction Thesis title: Spillover effects of the US monetary policy on the markets of ASEAN countries Ph.D Student: Nguyen Van Dan Ph.D Student Code: 010121160029 Major: Finance and Banking; Code: 9.34.02.01 Training institution: Ho Chi Minh University of Banking Academic title and full names of supervisors: Dr Le Van Hai and Dr Ton That Vien Contents The thesis has main contributions as follows: Despite the fact that the spillover effect of foreign monetary policy has been extensively researched in earlier studies, a review of the theoretical underpinnings and empirical research reveals that However, the majority of these research have not examined the spillover effect through the various channels' conduction mechanisms Few studies have been broken down by channels, and the list of channels is far from exhaustive Because of this, the elements in prior research' analyses of the effects of international monetary policy spillovers are constrained and not take into account all relevant factors Therefore, the author's test of the spillover effect from the US monetary policy to the ASEAN developing countries market through analysis by channels of spillover effects helps to better analyze the transmission mechanism of the spillover effect of monetary policy Additionally, a thorough analysis of the impact channels, comprising channels, is conducted in order to offer empirical support and to provide a more comprehensive evaluation of the consequences of international monetary policy In which the author's analysis of the monetary policy spillover impact includes the addition of the channels of portfolio balance and growth in addition to channels like the exchange rate channel, finance channel, and aggregate demand channel In addition to earlier studies, finance managers can provide a new area of research The research sample is also a novel aspect of the thesis A survey of prior research specifically reveals that the majority of studies primarily concentrate on examining the effects of monetary policy of industrialized countries and regions on emerging markets (including emerging markets) Both developed and developing nations will face obstacles such significant income disparities, policy variations across nations, economic openness, etc.; yet, no research has been done on these issues done expressly to certify for the ASEAN(5) bloc, which includes Vietnam, as a group of developing nations as opposed to the group of less developed nations Therefore, the topic will add more empirical evidence on the spillover effect of international monetary policy to the countries in the above group in the period 2008 - 2019 Along with that, the separation of Vietnam into a bloc in the period 2008 - 2019 The research process will help to have a deeper insight into the relationship between the Vietnamese market and the world market Last but not least, these study findings are used as a guide to assist researchers and decision-makers in developing suitable solutions and policies to prevent the detrimental effects of the US monetary policy's spillover effects, as well as support integration and development of each nation's financial market and economy Signature of supervisors 1st supervisor 2nd supervisor Ph.D student Dr Le Van Hai Dr Ton That Vien Nguyen Van Dan