Ấn phẩm
The Impact of Financial Inclusion on Monetary Policy: A Case Study in Vietnam
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170
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22
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Tóm tắt
This paper examines the impact of fiancial inclusion (FI) on monetary policy (MP) – a case study in Vietnam. The PCA method is used to construct a FI index- considered as a comprehensive measure of FI. To answer the main research questions, OLS and GLS models are used to analyze and to overcome the phenomenon of heteroskedasticity. Data is collected through secondary sources including World Bank and IMF reports (for the period 2004-2015). The results of empirical research indicate that there is a negative impact of FI on MP. Accordingly, FI transmits to more successful MP, making effient fiancial intermediation and balances, contributing to a stable and sustainable economy. This study concludes that FI will enable monetary policy to extend its reach to the fiancially excluded and aid policy makers to make better predictions of movements in infltion
Mô tả
Financial banking
Tác giả
Nguyen, Thi Truc Huong
Tác giả khác
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Kinh Tế Quốc Dân
Năm xuất bản
2018
ISSN tạp chí
Nhan đề tập
Từ khóa chủ đề
Financial inclusion (FI) , fiancial services , monetary policy (MP).
