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

  • Romania: RONing With A Bullish View.  // Emerging Markets Monitor;3/6/2006, Vol. 11 Issue 45, p19 

    Provides information on monetary policy in Romania. Announcement by the National Bank of Romania on the change in its policy objectives from exchange rate targeting to inflation targeting back in August 2005; Budget deficit in 2006; Monetary policy agenda of NBR Governor Mugur Isarescu.

  • 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 by...

  • Reassessing the evidence of an emerging yen block in North and Southeast Asia. Kearney, Colm; Muckley, Cal // International Review of Economics & Finance;2007, Vol. 16 Issue 2, p255 

    Abstract: Using weekly observations on 9 Asian currencies from November 1976 to December 2003, we re-examine the evidence of an emerging yen block in North and Southeast Asia. In contrast to previous research that assumes instantaneous adjustment of exchange rates by the region''s Central Banks...

  • 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 transfers...

  • 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...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics