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Highlights in Managing Monetary Policy of Vietnam in Post-Crisis Period
Journal
Journal of Asian Development
ISSN
2377-9594
Date Issued
2020
Author(s)
Trương Công Bắc
Abstract
This paper focuses on assessing highlights in the managing monetary policy in post-crisis
period from 2011 to present in Vietnam in order to identifies key messages which helped
Vietnam overcome the financial crisis 2007-2008 and keep the growth rate stably at high
level, to be one of highest growth rate in the world. The research used aggregated methods,
descriptive statistics and analysis based on World Bank, International Monetary Fund, Central
Bank of Vietnam data sources. The results shown that the monetary policy in Vietnam in this
period had a flexible transition in its management objectives, coordinated in close with fiscal
policy to achieve macro goals, besides changing the regulatory mechanism by volume to
operating with interest rates and combined with other operating tools more diverse
period from 2011 to present in Vietnam in order to identifies key messages which helped
Vietnam overcome the financial crisis 2007-2008 and keep the growth rate stably at high
level, to be one of highest growth rate in the world. The research used aggregated methods,
descriptive statistics and analysis based on World Bank, International Monetary Fund, Central
Bank of Vietnam data sources. The results shown that the monetary policy in Vietnam in this
period had a flexible transition in its management objectives, coordinated in close with fiscal
policy to achieve macro goals, besides changing the regulatory mechanism by volume to
operating with interest rates and combined with other operating tools more diverse
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