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Published: 2021-04-27
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DOI: https://doi.org/10.52932/jfm.vi54.109
Issue
No. 54 (2019)
Section
Research Articles
How to Cite
Thị Thúy Hằng, L. (2021). Testing the impact of USD/VND exchange rate to Vietnam macroeconomic dynamics. Journal of Finance and Marketing, (54). https://doi.org/10.52932/jfm.vi54.109

Testing the impact of USD/VND exchange rate to Vietnam macroeconomic dynamics

Le Thi Thuy Hang1
1 University of Finance – Marketing

Main Article Content

Abstract

This study examines the impact of the USD/VND exchange rate on the macroeconomic factors  of Vietnam by using the VAR model. The study focused on specific country variables: real output represents the growth rate of the economy, and the consumer price index represents the inflation of the country. The data is studied quarterly in the period from January 2000 to December 2018. The results show that the change in the USD/VND exchange rate has affected the macroeconomy of Vietnam through GDP output and CPI is recorded and prolonged.

Article Details

Keywords

Macroeconomy factors, USD/VND, VAR, Vietnam

References

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McKinnon Ronald I., and Gunther Schnabl. (2003). “Synchronised Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate.” World Economy 26, no. 8: 1067–88.
Michael Pedersen, 2015. “The Impact of Commodity Price Shocks in a Major Producing Economy. The Case of Copper and Chile,” Working Papers Central Bank of Chile 753, Central Bank of Chile.
Goldberg, P. K. and Knetter M. M. (1997). “Goods Prices and Exchange Rates: What Have We Learned?” Journal of Economic Literature, 35 (3): 1243-1272
Mansor H.Ibrahim, (2007), The Yen – Dollar Exchange Rate and Malaysian Macroeconomic Dynamics. The Developing Economies, XLV-3 (September 2007)
McKinnon, Ronald I (2001). “After the Crisis, the East Asian Dollar Standard Resurrected: An Interpretation of High-Frequency Exchange Rate Pegging.” In Rethinking the East Asian Miracle, ed. Joseph E. Stiglitz and Shahid Yusuf. Washington, DC: World Bank; Oxford University Press.
McKinnon Ronald I., and Gunther Schnabl. (2003). “Synchronised Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate.” World Economy 26, no. 8: 1067–88.
Michael Pedersen, 2015. “The Impact of Commodity Price Shocks in a Major Producing Economy. The Case of Copper and Chile,” Working Papers Central Bank of Chile 753, Central Bank of Chile.