Does the State Bank Widen the Gap Between International and Domestic Gold Prices? Evidence from Vietnam

Tho Ngoc Tran, Chi Dat Le and Thao Thi Phuong Hoang

Global Business Review, 2017, vol. 18, issue 1, 45-56

Abstract: Vietnam is amongst the 24 countries with the highest demand for gold according to the World Gold Council. Over the last few years, the Vietnam gold market has been characterized by a unique feature which is a gap between international and domestic gold prices. Empirical research on the gap provides invaluable insight into the impact of state regulations on Vietnam gold market. The results show that interventions from the State Bank of Vietnam (the SBV) impose unnecessary instabilities in the gold market and widen the gap. The outcomes contribute to literature about impacts of state regulations on gold market and provide policy implications as well.

Keywords: Gold market; gap; state bank (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0972150916666853 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:18:y:2017:i:1:p:45-56

DOI: 10.1177/0972150916666853

Access Statistics for this article

More articles in Global Business Review from International Management Institute
Bibliographic data for series maintained by SAGE Publications ().