Dao, Ha Thi Thieu; Trinh, Pham Thi Tuyet - Development and Policies Research Center (Depocen) - 2012
This research tries to find the degree of misalignment of VND by estimating short run and long run equilibrium effective real effective exchange rate (EREER) of VND. By using Engle-Granger (1987) two-step cointegration approach, we identify that trade openness, government expenditure, domestic...