Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium model
Vietnam Dong has been continuously depreciating in recent years, The State Bank of Vietnam has attempted to contol the exchange rate for macroeconomic stability, especially reducing inflation rate as a target of Vietnamese economy. This study built the computable general equilibrium model for Vietna...
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| Format: | Article |
| Language: | Vietnamese |
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TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH
2020-10-01
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| Series: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
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| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/1086 |
| _version_ | 1818647616988119040 |
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| author | Nguyễn Văn Ngãi |
| author_facet | Nguyễn Văn Ngãi |
| author_sort | Nguyễn Văn Ngãi |
| collection | DOAJ |
| description | Vietnam Dong has been continuously depreciating in recent years, The State Bank of Vietnam has attempted to contol the exchange rate for macroeconomic stability, especially reducing inflation rate as a target of Vietnamese economy. This study built the computable general equilibrium model for Vietnamese economy in order to estimate the impact of a depreciation of the exchange rate on macroeconomic indicators. The result of this study provides useful information for Vietnamese policy-makers to make decisions on the exchange rate policies. The 17% depreciation of the exchange rate will have positive impacts on Vietnamese economy in terms of growth rate (4.58%), employment rate (4.22%) and exports (15.49%); but the cost for that is 13.58% inflation. Thus, the trade-offs among macroeocnomic indicators as application of the exchange rate policy must be considered. |
| first_indexed | 2024-12-17T01:05:22Z |
| format | Article |
| id | doaj.art-45f6bedd82a64c40842df0144521f477 |
| institution | Directory Open Access Journal |
| issn | 2734-9306 2734-9578 |
| language | Vietnamese |
| last_indexed | 2024-12-17T01:05:22Z |
| publishDate | 2020-10-01 |
| publisher | TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH |
| record_format | Article |
| series | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
| spelling | doaj.art-45f6bedd82a64c40842df0144521f4772022-12-21T22:09:16ZvieTẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINHTạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh2734-93062734-95782020-10-01815260886Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium modelNguyễn Văn Ngãi0Đại học Nông LâmVietnam Dong has been continuously depreciating in recent years, The State Bank of Vietnam has attempted to contol the exchange rate for macroeconomic stability, especially reducing inflation rate as a target of Vietnamese economy. This study built the computable general equilibrium model for Vietnamese economy in order to estimate the impact of a depreciation of the exchange rate on macroeconomic indicators. The result of this study provides useful information for Vietnamese policy-makers to make decisions on the exchange rate policies. The 17% depreciation of the exchange rate will have positive impacts on Vietnamese economy in terms of growth rate (4.58%), employment rate (4.22%) and exports (15.49%); but the cost for that is 13.58% inflation. Thus, the trade-offs among macroeocnomic indicators as application of the exchange rate policy must be considered.https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/1086tỷ giá đối đoáikinh tế vĩ mô việt nammô hình cân bẳng toàn phầnmô phỏng |
| spellingShingle | Nguyễn Văn Ngãi Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium model Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh tỷ giá đối đoái kinh tế vĩ mô việt nam mô hình cân bẳng toàn phần mô phỏng |
| title | Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium model |
| title_full | Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium model |
| title_fullStr | Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium model |
| title_full_unstemmed | Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium model |
| title_short | Simulation of the impacts of a depreciation of the exchange rate on Vietnamese economy: A computable general equilibrium model |
| title_sort | simulation of the impacts of a depreciation of the exchange rate on vietnamese economy a computable general equilibrium model |
| topic | tỷ giá đối đoái kinh tế vĩ mô việt nam mô hình cân bẳng toàn phần mô phỏng |
| url | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/1086 |
| work_keys_str_mv | AT nguyenvanngai simulationoftheimpactsofadepreciationoftheexchangerateonvietnameseeconomyacomputablegeneralequilibriummodel |