| ID | 132575 |
| Title Proper | Shifts in exchange rate regimes and inflation persistence in Vietnam, 1992-2010 |
| Language | ENG |
| Author | Phuc, Nguyen Tran ; Tho, Nguyen Duc ; Su, Jen Je ; Singh, Tarlok |
| Publication | 2014. |
| Summary / Abstract (Note) | 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 rate 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. |
| `In' analytical Note | Journal of Southeast Asian Economies Vol.31, No.2; Aug.2014: p.256-275 |
| Journal Source | Journal of Southeast Asian Economies Vol.31, No.2; Aug.2014: p.256-275 |
| Key Words | Vietnam ; Post-Cold War Era ; Exchange Rate Regimes ; Inflation Persistence ; Economic Reforms ; Economic Crisis ; Greater Inflation Persistence ; Economic Policy ; International Economy ; International Financial Crisis - IFC ; Hard-Peg Regime |