This paper discusses Vietnam’s economic development for the three decades since the early 1980s, and the changing role that the state played in this process. The success of the first major liberalization step (Doi Moi ) is attributed, in large part, to the microeconomic/structural reforms that...

This paper constructs a simple optimal monetary growth model in which an endogenous and variable rate of time preference provides a rational foundation for a Tobin-effect in a system where otherwise strong neoclassical assumptions (e.g., perfect foresight, an infinite planning horizon, and...

The impact of sectoral location on the gender earnings gap is important in the context of Vietnam’s transition into a market-oriented economy. More and more women are seeking employment in the private sector either in response to retrenchment in the public sector or in response to increasing...

The tendency to substitute domestic for foreign currency (as a way of holding wealth and a means of transaction for goods and services) is common throughout the world, and particularly so in countries attempting to overcome thin financial institutions or errant monetary policy. This paper uses...

This paper uses quarterly data from September 1981 to December 2000 to quantify the extent to which the Australian real exchange rate is misaligned relative to its long-run equilibrium value. Our modelling suggest, that as of December 2000, the real exchange rate was seven percent below its...

The coexistence of the government sector, state-owned enterprises (SOEs), and private sector provides a natural setting to examine the impact of economic reform in Vietnam on gender earning differentials. The three sectors reflect different degrees of influence of the Socialist ideology, with...