Exchange rate risk and economic growth in Vietnam

This paper examines the impact of exchange rate risk on economic performances of Vietnam in period 1991-2009 by using Autoregressive Distributed Lag (ARDL) approach. The empirical results show that there is existence of long run relationships between REER volatility and output. Impact of exchange ra...

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Bibliographic Details
Published in:Journal of International Economics and Management 2016-04 (83), p.3-14
Main Author: Nguyen Thi Thuy Vinh
Format: Article
Language:English
Subjects:
ardl approach
Economic growth
exchange rate risk
Foreign exchange rate risk
Foreign exchange rates
Output
vietnam
Volatility
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Summary:This paper examines the impact of exchange rate risk on economic performances of Vietnam in period 1991-2009 by using Autoregressive Distributed Lag (ARDL) approach. The empirical results show that there is existence of long run relationships between REER volatility and output. Impact of exchange rate risk is statistically significant on economic performances in Vietnam. An increase in exchange rate risk would hurt economic growth. The level relationships also show that growth may be improved when REER depreciates...
ISSN:2615-9856
2615-9856