Tóm tắt Luận án Monetary policy transmission and bank lending channel in Vietnam

<p> Besides contributions, this study has some limitations. Although, they are not significant to overall meanings of study but they need to be consider: Firstly, this study has investigated three main channels in monetary policy transmission, but it does not include the expectation channel, and some sub-channels in the credit channel such as balance sheet channel, cash flow channel, unexpected price level channel, and household effects liquidity. Secondly, the study about the bank lending channel has not incorporated the macroeconomic determinants and banking sector determinants into models to test the effects of these factors on the bank lending channel. Thirdly, this study was done using data from the 2003 – 2012 periods./ </p>

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