Phí tải tài liệu: 137.000đ

Chú ý: Điền đầy đủ thông tin EMAIL và SĐT khi thanh toán để được hỗ trợ tốt nhất.

DOWNLOAD NOW

Analyses on gold and US dollar in vietna

➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạm

Loại tài liệu: PDF

Số trang: 52 Trang

Tài liệu: ✅ ĐÃ ĐƯỢC PHÊ DUYỆT

TẢI VỀ

Nội dung chi tiết: Analyses on gold and US dollar in vietna

Analyses on gold and US dollar in vietna

Centre Emile BernheimResearch Institute in Management SciencesSolvavBrusseisôcnooi* «>i Economic* anil ManagementJAnalyses on Gold and US Dollar in Vi

Analyses on gold and US dollar in vietna ietnam's Transitional EconomyVuong Quan HoangThis paper looks into economic insights offerred by considerations of two important financial markets in

Vietnam, gold and USD. In general, the paperfocuses on time series properties, mainly returns at different frequencies, and test the weak-form efficie Analyses on gold and US dollar in vietna

nt market hypothesis. All the test rejects the efficiency of both gold and foreign exchange markets. All time series exhibit strong serial correlation

Analyses on gold and US dollar in vietna

s. ARMA-GARCH specifications appear to have performed well with different time series. In all cases the changing volatility phenomenon is strongly sup

Centre Emile BernheimResearch Institute in Management SciencesSolvavBrusseisôcnooi* «>i Economic* anil ManagementJAnalyses on Gold and US Dollar in Vi

Analyses on gold and US dollar in vietna ly price limits applicable. No substantial impacts of the Asian crisis and the central bank-devised limits are found to influence the risk level of da

ily USD return.JEL Classifications: C12; C22Keywords: Vietnam; Financial economy; U.S. Dollar; Gold.CEB Working Paper N° 04/033 July 2004Université Li Analyses on gold and US dollar in vietna

bre de Bruxelles - Solvay Brussels School of Economics and Management Centre Emile BernheimULB CPI45/01 50, avenue F.D. Roosevelt 1050 Brussels BELGIU

Analyses on gold and US dollar in vietna

M e-mail: ceb(a‘.admtn.ulb.ac.be Tel. : +32 (0)2/650.48.64 Fax : -32 (0)2/650.41.88ULBAnalyses on Gold and I S Dollar in Vietnam s TransitionalEconomy

Centre Emile BernheimResearch Institute in Management SciencesSolvavBrusseisôcnooi* «>i Economic* anil ManagementJAnalyses on Gold and US Dollar in Vi

Analyses on gold and US dollar in vietna 0. Brussels 1050, BelgiumWorking Paper Centre Emile Bernheim WP-CEB No. 04-03337076Abstract This paper looks into economic insights offcrrcd by consid

erations of two important financial markets in Vietnam, gold and USD. In general, the paper focuses on time series properties, mainly returns at diffe Analyses on gold and US dollar in vietna

rent frequencies, and test the weak-form efficient market hypothesis.All the test rejects the efficiency of both gold and foreign exchange markets. Ai

Analyses on gold and US dollar in vietna

l time series exhibit strong serial correlations. ARMA-GARCH specifications appear to have performed well with different time series. In all cases the

Centre Emile BernheimResearch Institute in Management SciencesSolvavBrusseisôcnooi* «>i Economic* anil ManagementJAnalyses on Gold and US Dollar in Vi

Analyses on gold and US dollar in vietna e the impacts of Asian financial crisis and daily price limits applicable. No substantial impacts of the Asian crisis and the centra] bank-devised lim

its arc found to influence the risk level of daily USD return.J.E.L. Code: C12; C22Keywords: Vietnam: Financial economy: U.S. Dollar: Gold.■ Email: qv Analyses on gold and US dollar in vietna

uongâulb.ac.bc or hoangvqãempirics.nct . The author would like to express his special thanks to participants at CEB’s seminars in 2003, 2001 where he

Analyses on gold and US dollar in vietna

presented early versions of this paper, specifically to André Farber. Ariane Szafarz, Ariane Chappelle, Goorges-Callais Ilarnomo (AFFI) and Marie-Paul

Centre Emile BernheimResearch Institute in Management SciencesSolvavBrusseisôcnooi* «>i Economic* anil ManagementJAnalyses on Gold and US Dollar in Vi

Analyses on gold and US dollar in vietna y (University of Liège) and Michel Beinc (University of Lille 2).12This paper looks into projwrties of t wo ot her financial assets that are popular i

n Vietnam's economy, the United State Dollar (USD) as a major, liquid, and familiar foreign currency; and gold, a traditioormedal saving vehicle.These Analyses on gold and US dollar in vietna

financial assets have been so popular that people usually buy them for the purposes of savings, payments, and sometimes hedging against the depreciat

Analyses on gold and US dollar in vietna

ion of the local currency value. The trades of these assets arc also natural and happen as part of daily economic life, therefore have grown lip to be

Centre Emile BernheimResearch Institute in Management SciencesSolvavBrusseisôcnooi* «>i Economic* anil ManagementJAnalyses on Gold and US Dollar in Vi

Analyses on gold and US dollar in vietna of this paper consists of two main parts, one on the gold factor in Viet nam's economy, the other empirical analysis on the USD. Each main pari is org

anized in sequential subsections of (i) background; (ii) literature, data, and methods that enable the studying process; and (iii) main analyses and i Analyses on gold and US dollar in vietna

nsights drawn upon the study. The last, section of the paper sums up key results from two main parts of study.1 An analysis of the gold factor1.1Backg

Analyses on gold and US dollar in vietna

round on the gold factorGold has long been a symbol of wealth since ancient civilization of Egypt or Iraq, ca. 5000 B.c. In Asia, large countries such

Centre Emile BernheimResearch Institute in Management SciencesSolvavBrusseisôcnooi* «>i Economic* anil ManagementJAnalyses on Gold and US Dollar in Vi

Analyses on gold and US dollar in vietna nfluenced a great deal by the neighboring China.1.1.1Functions of gold in Vietnam’s economyThe basic uses of gold in Vietnam are: (i) Jewelry frabirat

ion; (ii) Central bank's reserve;(iii) Private investment: and (iv) Industrial applications. Besides those, we consider a number of economic functions Analyses on gold and US dollar in vietna

of gold in Vietnam’s economy that arc widely accepted. Some of these functions are related to the low level of economic development in the closed-doo

Analyses on gold and US dollar in vietna

r times, and have still been retained due to the public habits. Some arc related to new concepts of financial assets. The main functions are

Centre Emile BernheimResearch Institute in Management SciencesSolvavBrusseisôcnooi* «>i Economic* anil ManagementJAnalyses on Gold and US Dollar in Vi