Luận văn thạc sĩ 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 macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
Luận văn thạc sĩ 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 macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach LOPMENT ECONOMICSMACROECONOMIC, 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. NGU Luận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach YEN TRONG HOAIHO CHI MINH CITY. December2014CERTIFICATION“1 certify that the substance of this thesis has not already been submitted for any degree anLuận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
d 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 all 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 macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach 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 tha Luận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach nk Dr. Truong Dang Thuy for his guidance and advice in econometric techniques. Dr. Pham Khanh Nam for his encouragement and valuable advice in the staLuận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
rting phase of my thesis research design.My gratefulness is also extended to all of my lecturers and staffs of the Vietnam-Netherlands Program for theUNIVERSITY 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 macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach upport 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 like Luận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach 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 estimates aLuận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
logit regression model by fixed effect with a combination of some macroeconomic and financial indicators from the work of Hagen and TĨO (2007) and WorUNIVERSITY 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 macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach 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 appl Luận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach ied. Some specific lag lengths of indicators are also applied according to the suggestion of “flexibility in forecast horizon" of Drehmann et al. (201Luận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
1).The crisis phenomenon of banking system seems to be well-described in light of the present of depreciation, former year crisis, high real interest 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 macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach s 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 give Luận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach incorrect expected sign and negligible effect on banking crisis. Furthermore, the included institutional variables from WGI give insignificant statisLuận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
tic meaning. Hence, another set of institutional indicators such as that from International Country Risk Guide (ĨCRG) should be considered in future aUNIVERSITY 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 macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach search 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 there Luận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach should be some assessment ofsuch time of banking system, which over a long time has beenneglected (Kauko, 2014).A'er words: banking crisis, tranquiltiLuận văn thạc sĩ macroeconomic, financial and institutional determinants of banking crisis, the money market pressure index approach
me, determinants, institutional indicators, fixed effect logitregression.ivUNIVERSITY OF ECONOMICS HO CHI MINH CITY VIETNAMINSTITUTE OF SOCIAL STI DIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDS PROGRAMME FOR M.A IN DEVELUNIVERSITY 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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