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

共 50 条

[41] Exchange Rate Pass-Through and the Frequency of Price Adjustment across Different Inflation Regimes
Petrovic, Pavle
Mladenovic, Zorica
[J]. PANOECONOMICUS, 2015, 62 (04) : 409 - 427
[42] Central bank autonomy, the exchange rate constraint and inflation: The case of Italy 1970-1992
Tullio, G
Ronci, M
[J]. OPEN ECONOMIES REVIEW, 1997, 8 (01) : 31 - 49
[43] Why has inflation remained so low after the large exchange rate depreciations of 1992?
Amitrano, A
DeGrauwe, P
Tullio, G
[J]. JOURNAL OF COMMON MARKET STUDIES, 1997, 35 (03): : 329 - 346
[44] Inflation persistence and exchange rate regime: Implications for dynamic adjustment to shocks in a small open economy
Kuralbayeva, Karlygash
[J]. JOURNAL OF MACROECONOMICS, 2011, 33 (02) : 193 - 205
[45] Price stickiness, inflation, and persistence in real exchange rate fluctuations: cross-country results
Khan, H
[J]. ECONOMICS LETTERS, 2001, 71 (02) : 247 - 253
[46] PERSISTENCE IN REAL VARIABLES UNDER ALTERNATIVE EXCHANGE-RATE REGIMES - SOME MULTICOUNTRY EVIDENCE
CAPORALE, GM
KALYVITIS, S
PITTIS, N
[J]. ECONOMICS LETTERS, 1994, 45 (01) : 93 - 102
[47] Economic growth under alternative monetary regimes: inflation targeting vs real exchange rate targeting
Antonio Cordero, Jose
[J]. INTERNATIONAL REVIEW OF APPLIED ECONOMICS, 2008, 22 (02) : 145 - 160
[48] Exchange-rate regimes, political parties and the inflation-unemployment tradeoff: Evidence from Greece
Alogoskoufis, GS
Lee, DH
Philippopoulos, A
[J]. OPEN ECONOMIES REVIEW, 1998, 9 (01) : 39 - 51
[49] Exchange-Rate Regimes, Political Parties and the Inflation-Unemployment Tradeoff: Evidence from Greece
George S. Alogoskoufis
Dong-Ho Lee
Apostolis Philippopoulos
[J]. Open Economies Review, 1998, 9 : 39 - 51
[50] Exchange Rate Asymmetry and Flexible Exchange Rates under Inflation Targeting Regimes: Evidence from Four East and Southeast Asian Countries
Pontines, Victor
Siregar, Reza Y.
[J]. REVIEW OF INTERNATIONAL ECONOMICS, 2012, 20 (05) : 893 - 908

← 1 2 3 4 5 →