Monetary Policy and Liquidity of Vietnam’s Stock Market
This study investigates the impact of monetary policy on liquidity of Vietnam’s stock market from September 2007 to November 2014. Time series of liquidity are determined by monthly liquidity data for 643 enterprises in the surveyed period. Two variables of the monetary policy, including growth in m...
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University of Economics Ho Chi Minh City
2023
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| Truy cập trực tuyến: | http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=403ec46f-db67-4760-9a7a-496866621659 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115499 |
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oai:scholar.dlu.edu.vn:DLU123456789-1154992023-03-08T03:56:32Z Monetary Policy and Liquidity of Vietnam’s Stock Market Tran, Thi Hai Ly This study investigates the impact of monetary policy on liquidity of Vietnam’s stock market from September 2007 to November 2014. Time series of liquidity are determined by monthly liquidity data for 643 enterprises in the surveyed period. Two variables of the monetary policy, including growth in money supply and interbank rate, are employed in VAR model along with four different measures of market liquidity. The results show that unexpected variance in the two monetary policy variables has no significant impact on the market liquidity, which, in turn, may be improved by the positive shocks of market returns, inflation, and growth in industrial production. Market variance does produce certain effects, but discrepancies occur in the signs of various liquidity measures. 2023-03-08T03:56:32Z 2023-03-08T03:56:32Z 2016 Article 2615-9112 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=403ec46f-db67-4760-9a7a-496866621659 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115499 10.24311/jabes/2016.23.2.04 en Journal of Asian Business and Economic Studies, Volume 23, Issue 02; p. 02-21 application/pdf University of Economics Ho Chi Minh City |
| institution |
Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| description |
This study investigates the impact of monetary policy on liquidity of Vietnam’s stock market from September 2007 to November 2014. Time series of liquidity are determined by monthly liquidity data for 643 enterprises in the surveyed period. Two variables of the monetary policy, including growth in money supply and interbank rate, are employed in VAR model along with four different measures of market liquidity. The results show that unexpected variance in the two monetary policy variables has no significant impact on the market liquidity, which, in turn, may be improved by the positive shocks of market returns, inflation, and growth in industrial production. Market variance does produce certain effects, but discrepancies occur in the signs of various liquidity measures. |
| format |
Article |
| author |
Tran, Thi Hai Ly |
| spellingShingle |
Tran, Thi Hai Ly Monetary Policy and Liquidity of Vietnam’s Stock Market |
| author_facet |
Tran, Thi Hai Ly |
| author_sort |
Tran, Thi Hai Ly |
| title |
Monetary Policy and Liquidity of Vietnam’s Stock Market |
| title_short |
Monetary Policy and Liquidity of Vietnam’s Stock Market |
| title_full |
Monetary Policy and Liquidity of Vietnam’s Stock Market |
| title_fullStr |
Monetary Policy and Liquidity of Vietnam’s Stock Market |
| title_full_unstemmed |
Monetary Policy and Liquidity of Vietnam’s Stock Market |
| title_sort |
monetary policy and liquidity of vietnam’s stock market |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=403ec46f-db67-4760-9a7a-496866621659 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115499 |
| _version_ |
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