Causality in Vietnam’s Parallel Exchange Rate System during 2005–2011: Policy Implications for Macroeconomic Stability
As in many transition economies, Vietnam has experienced a multiple exchange rate system with three exchange rates having co-existed. This paper uses the Vector-Error-Correction model and the Granger tests to investigate the relationship between the official and black market exchange rates from Janu...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-12-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/6/4/68 |