Credit growth, macroeconomic factors and ftock performance, the case of hose 2002 2010

• UNIVERSITY OF ECONOMICS HO CHI MINH CITY INSTITUTE OF SOCIAL STUDIES THE HAGUE VIETNAM THE NETHERLANDS VIETNAM- NETHERLANDS PROGRAM FOR M.A IN DEVELOPMENT ECONOMICS ~~~~ CREDIT GROWTH, MACROECONOMIC FACTORS AND STOCK PERFORMANCE: THE CASE OF HOSE 2002-2010 A thesis submitted in partial fulfillment of the requirements for the degree of MASTER OF ARTS IN DEVELOPMENT ECONOMICS By NGUYEN THI NGOC HAN Academic supervisors Dr PRAM HOANG VAN Dr NGUYEN TRONG HOAI ;; HO CHI MINH CITY, MARCH 2011 r fa L UEH 15Ti ~~It~ I ··-·- ··· a - · · - - ~- -~ - · J· , - -· -· -·-· TABLE OF CONTENT 1~1rlt()])1J(:1rl()~ ~11r~Fll\1r1J~ ~~~~= - 10 2.1 KEY CONCEPTS - 2.2 TliEOFt!:TICJ\1 I.ITEFlf\T~ - 11 2.3 ElVfPIFtiCJ\I I.ITEFlf\TlJFtE 17 ~~1rll()])()~()(;1{: 25 Ftl:S EJ\Ft C II MET II0 D S 26 3.2 DJ\TJ\ I>ESCFtiPTION 35 3 I>J\TJ\ J\NJ\I.YSIS - ~SlJ~ 1r A~ A~ 1rSIS: - 41 4.1 I> ESCFtiPTIVE J\N J\I YSI S 41 4.2 ST J\ TIONJ\FtY PFtOPEFtTY OF TlME-SEFtiES I>J\ T J\ - 44 ·i 4.3 BIVJ\FliTJ\TE FtEI.J\TIONSIIIPS: EG J\PPFtOJ\Cli & GFlf\NGEFt CAlJSJ\LITY - 45 4.4 MlJI TIVJ\Ftll\ TE Ftl:I.J\ TIONSIIIP: JJ PFtOCEDlJFtE, VECM, V J\FliANCE I>ECOMPOSITION & IMPlJI.SE FtESPONSE FlJNCTIONS 48 IE S - 60 ~J?~~~