Exchange rate pass-through and its heterogeneity under the pegged regime
A case of Vietnam
Bibliographic Data
| ID | 12549997 |
|---|---|
| Authors | The Anh Pham (0000-0002-8339-3828, National Economics University, corresponding author), Hoang Nguyen (0009-0009-4941-4486, University of Baltimore), Hoang Huy Nguyen (University of Baltimore), Dinh Ngoc Nguyen (National Economics University), Linh Manh Vu (National Economics University) |
| Year | 2022 |
| Volume | 29 |
| Issue | 2 |
| Pages | 612-633 |
| Publication date | 2022-03-18 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547860.2022.2035093 |
| OpenAlex | W4220883148 |
| Language | EN |
| Citations received | 2 |
| References cited | 49 |
This paper analyses the exchange rate pass-through effects (ERPT) into consumer prices in Vietnam with a pegged regime during 2001–2019 using a structural vector autoregressive approach. The model is identified based on the fit of data rather than a priori theorizing. Firstly, we find that the degree of ERPT in the country is higher than that in other emerging and developed economies. High and volatile inflation, a high degree of openness, and exchange rate regime are essential factors that explain the difference. Besides, we show that ERPT is positively correlated with the level and the volatility of inflation across sectors. Since the results are derived from a single country, the heterogeneity is more likely to be attributable to industry-specific rather than macro factors
Autoregressive model · Econometrics · Economics · Emerging markets · Exchange rate · Exchange-rate pass-through · Inflation (cosmology · Macroeconomics · Monetary economics · Openness to experience · Volatility (finance · Global Financial Crisis and Policies · Market Dynamics and Volatility · Monetary Policy and Economic Impact
| Citations per year | 2 |
|---|---|
| Citation span | 2025 - 2025 (1) |
| Highly cited | No |