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
Tải ứng dụng đọc sách
Qr code NEU Book Reader
(Lưu ý: Sử dụng ứng dụng NEU Book Reader để xem đầy đủ tài liệu.
Bạn đọc có thể tải NEU Book Reader từ App Store hoặc Google play
với từ khóa "NEU Book Reader")
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
