Liquidity management in monetary policy of the State Bank of Vietnam

<p> ompared with the research purposes outlined in the introduction, thesis on "Liquidity management in monetary policy of the State Bank of Vietnam" has led to the following results: 1. The thesis synthesized the theory of management of capital available in the market economy central banks, commercial banks' research experience of some countries on the management of available capital, to draw lessons that can SBV research and application. 2. Focus on situation analysis, and survival outcomes in the management of liquidityof SBV primarily in the period from 2000 to present. 3. On the basis of theoretical research and situation analysis, the thesis has taken a number of measures (4 main groups of solutions) and recommendations (with Government ministries and agencies, financial intermediaries Organization) to contribute to capacity building in the management of liquidityof central bank monetary policy operating VN. The limitations of the study and suggest directions for future research: New topics in the central bank stopped managing the liquidity for Vietnam, so the interaction between the volatility of the exchange rate to the liquidity management and vice versa is not mentioned in thesis. Especially in the context of international integration, exchange streams flowing in and flowing out of Vietnam depends heavily on political institutions, investment environment, the stability of the financial markets. do more rates opportunity to impact change faster and deeper, wide on the economy. In the thesis has shown that qualitative research items net foreign assets are factors that most influence the level of liquidity to offer and from which a large impact on the capital management activities State Bank of Vietnam. Therefore, the research on the change of the rate of entrepreneurial activity of SBV liquidity is a suggested research direction in the future. </p>

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