TITLE

No Change In Dong Policy

PUB. DATE
May 2004
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;May2004, Vol. 15 Issue 5, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
Central bankers and independent economists across Vietnam are said to be reconsidering their policy views on their own exchange rate, the Vietnamese dong, as they watch the Chinese come under increased pressure from the U.S. to revalue the yuan. The dong currently trades against the U.S. dollar in a band that allows it a daily fall or rise of 0.25% from the closing rate of the previous day. Through a series of devaluations controlled by the central bank, the dong lost about 25% of its value against the greenback during the Asian financial crisis of 1997-98.
ACCESSION #
12933374

 

Related Articles

  • Causality between banking and currency fragilities: A dynamic panel model Shen, Chung-Hua; Chen, Chien-Fu // Global Finance Journal;Dec2008, Vol. 19 Issue 2, p85 

    Abstract: A panel dynamic model both with and without a threshold is specified to reexamine the lead-lag relationship between banking and currency fragilities. We employ banking sector fragility (BSF) and exchange market pressure (EMP) as the proxies for banking and currency fragilities,...

  • The effects of Japanese foreign exchange market interventions on the yen/U.S. dollar exchange rate volatility Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg // International Review of Economics & Finance;2005, Vol. 14 Issue 1, p27 

    In previous empirical work, the link between the interventions of the Bank of Japan (BoJ) and exchange rate volatility has mainly been analyzed by using data on press reports of BoJ interventions. We use official intervention data for the period 1993–2000 that were released only recently...

  • Export Boom Under Way.  // Emerging Europe Monitor: Russia, Ukraine & Baltics;Nov2004, Vol. 8 Issue 11, p5 

    The article reports on the international trade of Ukraine. Exports— the key driver of Ukraine's robust economic rebound— are booming, driven by favourable global market conditions for steel and chemicals and a competitive exchange rate. More moderate increases in the current...

  • Money supply endogeneity under a currency board regime: the case of Bosnia and Herzegovina. Gedeon, Shirley J. // Journal of Post Keynesian Economics;Fall2009, Vol. 32 Issue 1, p97 

    A currency board is a monetary regime based on an explicit commitment to exchange domestic currency for a specified foreign currency at a fixed exchange rate. Currency boards are thought to exhibit properties of money supply endogeneity and monetary self-regulation, eliminating the need for...

  • 70 Years of Central Banking in Canada. Dodge, David // Bank of Canada Review;Winter2005/2006, p3 

    Highlights the 70th anniversary of the Bank of Canada. Evolution of monetary policy; Monetary policy transmissions and policy effectiveness; Role of exchange rate in monetary policy.

  • Exchange Rate Regimes and Shifts in Inflation Persistence: Does Nothing Else Matter? BURDEKIN, RICHARD C. K.; SIKLOS, PIERRE L. // Journal of Money, Credit & Banking (Ohio State University Press);May99, Vol. 31 Issue 2, p235 

    This paper reexamines the findings of Alogoskoufis and Smith (1991), who argue that sharp increases in inflation persistence can be attributed to changes in the exchange rate regime. Using long time series data from the United Kingdom, the United States, Canada and Sweden, we suggest that these...

  • CHAPTER III: EXCHANGE RATE AND MONETARY POLICY.  // Annual Report (Bank of Lithuania);2006, p29 

    Chapter 3 of the publication "Annual Report (Bank of Lithuania)" is presented. This chapter focuses on the exchange rate and monetary policy of Lithuania. It states that the main objective of the Bank of Lithuania is to seek price stability and its implementation through the strategy of a fixed...

  • HNL: Establishing Stability.  // Latin America Monitor: Central America Monitor;Jan2007, Vol. 24 Issue 1, p6 

    The article assesses the economic status of Honduras. Its exchange rate traded at HNL 18.90/US$. The outlook for currency stability is based on the growing credibility of Banco Central de Honduras' monetary policy programme. The country's inflation is projected to 6.0 percent at the end of 2006...

  • Evaluating monetary policy. Steyn, Greta // Finance Week;9/6/2004, p67 

    Reports on the framework for the evaluation of the monetary policy in inflation-targeting countries. Role of the three different interpretations of the exchange rate in monetary policy formulation; Contribution of the Bank for International Settlements working paper to the South Africa debate on...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics