TY - JOUR
T1 - The Importance of Exchange Rate Policy in Promoting Vietnam's Exports
AU - Thanh, Nguyen Ngoc
AU - Kalirajan, Kaliappa
PY - 2005
Y1 - 2005
N2 - The analysis in this paper shows that, during the 1990s, the use of tariffs, quotas and export price policy by the State Bank of Vietnam was more effective than devaluation in controlling imports in both the short term and long term, but encouraged Vietnamese exports only in the short term. Given the need for Vietnam to integrate with other economies, particularly with the ASEAN countries, the results suggest an appropriate exchange rate policy should be instituted to achieve export growth consistently in the long run rather than depending on tariffs and quotas.
AB - The analysis in this paper shows that, during the 1990s, the use of tariffs, quotas and export price policy by the State Bank of Vietnam was more effective than devaluation in controlling imports in both the short term and long term, but encouraged Vietnamese exports only in the short term. Given the need for Vietnam to integrate with other economies, particularly with the ASEAN countries, the results suggest an appropriate exchange rate policy should be instituted to achieve export growth consistently in the long run rather than depending on tariffs and quotas.
U2 - 10.1080/13600810500199335
DO - 10.1080/13600810500199335
M3 - Article
SN - 1360-0818
VL - 33
SP - 51
EP - 60
JO - Oxford Development Studies
JF - Oxford Development Studies
IS - 3
ER -