Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
UNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approachLOPMENT ECONOMICSMACROEC ONOMIC, FINANCIAL AND INSTITUTIONAL DETERMINANTS OF BANKING CRISIS:THE MONEY MARKET PRESSURE INDEX APPROACHA thesis submitted in partial fulfilment of the requirements for the degree ofMASTER OF ARTS IN DEVELOPMENT ECONOMICSByCHAU THE \ INHAcademic Supervisor:Assoc. Prof. NG Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approachUYEN TRONG HOAIHO CHI MINH CITY. Deceniber2014CERTIFICATION“1 certify that the substance of this thesis has not already been submitted for any degreeLuận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
and has not been currently submitted for any other degree.1 certify that Io the best of my knowledge and help received in preparing this thesis and alUNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approachd a great deal of encouragement and support from many people.First of all, I would like to express my deepest gratitude towards Assoc. Prof. Nguyen Trong Hoai, my esteemed academic supervisor, for his patient guidance, encouragement and valuable critiques for my research work.Also, I would like to t Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approachhank Dr. Truong Dang Thuy for his guidance and advice in econometric techniques. Dr. Pham Khanh Nam for his encouragement and valuable advice in the sLuận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
tarting phase of my thesis research design.My gratefulness is also extended to all of my lecturers and staffs of the Vietnam-Netherlands Program for tUNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach support during my study period. Moreover, my special thanks to my C.E.O - Mr. Nguyen Hull Tram, who understands and gives me approval for my long personal leave to finalize my thesis on time. Without them. I would not have opportunities and incentives to have my thesis finished.Finally, I would lik Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approache to thank all my friends and other people who have had any help and support for my thesis but are not above-mentioned.iiABSTRACTThe thesis estimatesLuận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
a logit regression model by fixed effect with a combination of some macroeconomic and financial indicators from the work of Hagen and TĨO (2007) and WUNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approaches generated from the approach of money market pressure index (Hagen and Ho, 2007). The monthly panel dataset, which is available in full range and easy of approach from International Financial Statistics CD-ROM (2011). of 18 countries from Latin America and Asian over the scope of 2001 - 201 Ois ap Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approachplied. Some specific lag lengths of indicators are also applied according to the suggestion of “flexibility in forecast horizon" of Drehmann et al. (2Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
011).The crisis phenomenon of banking system seems to be well-described in light of the present of depreciation, former year crisis, high real interesUNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach is negative effect to crisis. Simultaneously, growth rate of bank deposits to GDP is likely useful to prevent banking systems from profitability risks exposure that leads to banking crisis probability. However, unfortunately, the indicators of growth of monetary base and growth of M2 to reserves gi Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approachve incorrect expected sign and negligible effect on banking crisis. Furthermore, the included institutional variables from WGI give insignificant statLuận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
istic meaning. Hence, another set of institutional indicators such as that from International Country Risk Guide (ĨCRG) should be considered in futureUNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approachresearch to be examined in the future, this thesis attempts to contribute so-called new updates information on the would-be banking crisis determinants. Nevertheless, on the other hand, there is likely no proper explanation on the tranquil periods of banking system. Hence, it isiiisuggested that the Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approachreshould be some assessment ofsuch time of banking system, which over a long time has beenneglected (Kauko, 2014).A'er words: banking crisis, tranquilLuận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
time, determinants, institutional indicators, fixed effect logitregression.ivTABLE OF CONTENTSCHAPTER 1: INTRODUCTION.................................UNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach...................................31.3.Research question.........................................................3UNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVELGọi ngay
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