Macroeconomics Presentation Topic: Monetary Policy and Inflation Control in Vietnam

... 3$/"#*%,.$I. Overview1. Monetary Policy of VN2. In ation of VNII. Tools of State Bank of Vietnam III. How Vietnam used Monetary Policy to control In ation'3'3•'3)#5*)#5*•)#5*A*A*•A*)B)6+)C))B)6+)C)•)6*A)"A)LA($F*3'')))A*K4?1. ... &#$$'##( Macroeconomics Presentation )#5* A 3A*1. Monetary policy of Viet Nam1.2 ... SBV rose OMO Interest rate from 13% to 15% per year.On 1/6/2011, Reserve requirement ratio for commercial banks (except Agribank) increased from 6% to 7%.On 3/8/2011, SBV increased Discount...

...

... of accuracy in public signal (decrease in a variance of public signal) and consequent decrease in riskiness ofborrowers in the interbank market (depicted in black line) and the lending market ... borrowers’cred-itworthiness reduces credit spreads in lending markets as well as in interbank market, facilitatinginvestment further.For the same size of decline in monitoring cost, a macroeconomic ... and Rostagno (2003, 2008, and 2010) for quantitative importance of shocks to riskiness in goods-producing sectors in the U.S. and euro area.151 IntroductionSince the …nancial crisis starting...

...

... hand, raising policy rates toconfront rising inflation could exacerbate continuing problems of slack demand and financialinstability.Ontheotherhand, failingtoraise policy ratescouldcauseinflationaryexpectationstorise.Further,weredifferentcentralbanksto ... C.E.V and White W.R(2003) “Whither Monetary and Financial Stability : the Implications ofEvolving Policy Regimes?”– Presentation attheSymposium Monetary Policy and Uncertainty:AdaptingtoachangingEconomy”SponsoredbytheFederalReserveBankofKansasCity,JacksonHole,Wyoming,August13be ... Misallocations in thecreditdownswing75Increasedspendinggenerallyresults in moreproduction,butnotnecessarily.Supplyresponsiveness in theconstructionindustry in factvarieswidelyacrosscountries.Forexample,theresponse in termsofnewhousingstartswasmuchgreater in theUSthantheUK,duetotheverystrictplanning and zoningrestrictions in thelatter.76SeeKPMGGlobal(2012)77SeeEuropeanChamberofCommerce in China(2009). In presentingthereport,thePresidentoftheChambersaid“Ourstudyshowstheimpactofovercapacityissubtlebutfarreaching,affectingdozensofindustries and damagingeconomicgrowth,notonly in Chinabutworldwide”.Notethatthiswaswrittenbeforethefurtherspurt in investmentspending in 2010.44Rajan...

... leadingthe in ation process in all euro area countries. In this framework, it is possible to link movements in the the nominal rateendpoint to the long-term level of in ation and indirectly to the monetary 7Kozicki ... section5.2 Monetary policy, in ation target and long terminterest ratesEvans and Lewis (1995) and Crowder and Ho¤man (1996) have shown thatthe Fisherian decomposition of a nominal rate into the ... dynamics of nominal interest rate and in ation, while the real interest rate is stationary. Thus Lanne …ndsa one-for-one relationship between the nominal interest rate and in ation in the long...

... housing bust and financial crisis set in motion an extraordinarily harsh recession, which has held down consumer, businesses, and government spending. By contrast, inflation is contained and ... spending trends to weigh on near-term economic growth. However, things are getting better as far as tight credit and uncertainty are concerned. Improvements in credit, and rises in business and ... money to anybody, including other financial institutions. The result was a massive credit crunch that choked off the flow of funds financial institutions and nonfinancial businesses depend on...

... Evaluation: Monitoring is a process of collecting and analyzing information about the program implementation. It also involves dissemination and feedbacking of findings and recommendations ... control. The program components implemented are case finding, treatment, information education and communication (IEC), capability building, and monitoring and evaluation. TB case finding and ... according to internationally accepted case definitions. 4. Recording and reporting for NTP shall use, as much as possible, the FHSIS network for routine reporting and feedback. 5. Recording and...

... HỌC KINH TẾ TP.HCM VIỆN ĐÀO TẠO SAU ĐẠI HỌC ……….  …………. Tài Chính Quốc Tế PAPER 2: STERILIZATION, MONETARY POLICY AND GLOBAL FINANCIAL INTEGRATION (Joshua Aizenman and Reuven ... được xem xét: Các nước ở Châu Á (Trung Quốc, Indonesia, Hàn Quốc, Malaysia, Pakistan, Philippines, Singapore, Thái Lan), Châu Mỹ Latinh (Argentina, Brazil,Chile, Colombia, Mexico, Peru). Công ... tiền tệ tối ưu thì phù hợp biến nội sinh. Nhóm 2: Nghiên cứu về dự trữ ngoại hối. -“The high demand for international reserves in the Far East: What’s going on?” Joshua Aizenman, Nancy Marion-2002...