The Responsiveness of Vietnam’s Monetary Policy to Global Dynamics from 2018 to 2023
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| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | 2018 - 2023 Brexit COVID-19 pandemic CPI Inflation energy crisis Global Economic Shocks monetary policy NEER. Policy Interest Rates Real GDP Growth State Bank of Vietnam US-China Trade War Vietnam |
| Online Access: | http://dolgozattar.uni-bge.hu/53519 |
| Kivonat: | This thesis scrutinizes the State Bank of Vietnam's (SBV) monetary policy response to global economic events between 2018 and 2023, a period laden with significant challenges such as the US-China trade war, Brexit, the COVID-19 pandemic, and an ensuing global energy crisis. It offers a critical examination of the SBV’s policy interest rate adjustments in reaction to variations in CPI inflation, Real GDP growth, and the Nominal Effective Exchange Rate (NEER). Employing quantitative analysis supplemented by expert interviews, the study reveals the SBV's initial policy stability, reflecting an emphasis on internal economic goals over external economic indicators. The research uncovers a shift towards a more dynamic policy post-US-China trade war, with a nuanced approach in the wake of Brexit and aggressive monetary easing during the pandemic. Additionally, the thesis discusses the SBV’s strategic maneuvering in response to the energy crisis, highlighting its commitment to inflation control amidst recovery efforts. The findings illuminate the SBV’s judicious yet flexible policy-making, which, while initially maintaining a steady course, progressively adapted to global economic turbulence. This abstract encapsulates the essence of the SBV's approach, providing a framework for understanding its monetary strategy and decision-making process in an interconnected economic landscape.Keywords: Vietnam, Monetary Policy, Global Economic Shocks, State Bank of Vietnam, US-China Trade War, Brexit, COVID-19 Pandemic, Energy Crisis, Policy Interest Rates, CPI Inflation, Real GDP Growth, NEER. |
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