Vietnam: Selected Issues

January 23, 1997

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Format: Chicago

Vietnam: Selected Issues, (USA: International Monetary Fund, 1997) accessed November 24, 2024

Summary

This Selected Issues paper on Vietnam analyzes interest rate policy under credit control. There are a number of issues involved in setting interest rates in the presence of bank-by-bank credit ceilings that do not arise in other controls. In Vietnam, as macroeconomic stabilization has taken hold, the inconsistencies of an administratively controlled financial system are becoming more evident. This points to the importance of moving quickly to develop additional policy tools so that interest rate policy can be freed from the tradeoffs being faced, allowing different policy objectives to be pursued independently.

Subject: Balance of payments, Banking, Credit ceilings, Current account deficits, Deposit rates, Financial services, Foreign direct investment, Interest rate policy, Monetary policy, Money

Keywords: Asia and Pacific, CR, Credit, Credit ceiling, Credit ceilings, Current account, Current account deficit, Current account deficits, Debt service, Deposit rate, Deposit rates, FDI flow, Foreign direct investment, Interest rate, Interest rate policy, ISCR, Lending rate, Rate

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/146
Stock No:

1VNMEA0021996
ISBN:

9781451840223
ISSN:

1934-7685

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