Vietnam's Monetary Policy during the AFC

Chris Kirrane

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines Vietnam's exchange rate policy during the Asian financial crisis. It concludes that the policy of anchoring the Vietnamese Dong to the US dollar and controlled floating used by the Vietnamese monetary authorities since 1992, led to stabilisation of the exchange rate and controlled inflation during a period of rapid growth. It concludes that the risk of a financial crisis, experienced by other Southeast Asian countries was low, even if the country remained vulnerable to a currency crisis because of its current account deficit.

Keywords: Asian; Financial; Crisis (search for similar items in EconPapers)
JEL-codes: F3 F31 (search for similar items in EconPapers)
Date: 2018-11-01
New Economics Papers: this item is included in nep-mon and nep-sea
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Published in Asian Journal of Political Economy Winter.8(2018): pp. 203-215

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:96461

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