Shifts in Exchange Rate Regimes and Inflation Persistence in Vietnam, 1992-2010

被引：2

作者：

Nguyen Tran Phuc ^{[1
]}

Nguyen Duc Tho ^{[2
]}

Su, Jen Je ^{[3
]}

Singh, Tarlok ^{[3
]}

机构：

[1] Banking Univ Ho Chi Minh City, Dept Postgrad Studies, 36 Ton Dam Str, Ho Chi Minh City 1, Vietnam

[2] Griffith Univ, Griffith Business Sch, Dept Accounting Finance & Econ, Econ, Brisbane, Qld 4111, Australia

[3] Griffith Univ, Griffith Business Sch, Dept Accounting Finance & Econ, Brisbane, Qld 4111, Australia

来源：

JOURNAL OF SOUTHEAST ASIAN ECONOMIES | 2014年 / 31卷 / 02期

关键词：

Exchange rate regime; inflation persistence; hard-peg; soft-peg; transitional economies; Vietnam;

D O I：

10.1355/ae31-2g

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A number of studies have found that more flexible exchange rate regimes tend to be associated with greater inflation persistence. This paper investigates whether this finding is applicable to Vietnam from 1992 to 2010. We find no evidence to suggest that inflation persistence in Vietnam was systematically higher under a "soft" peg exchange rale regime than under a "hard" peg. Rolling regressions suggest that inflation persistence peaked during 2004 to 2007, when Vietnam was governed by what may be characterized as a hard-peg regime.

引用

页码：256 / 275

页数：20

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