A country is not only located in a certain peak in IT, but learning can be somewhere in the triangle means, may they: capital controls in a certain level (not for fully automatic by, nor is controlled entirely), have a degree of flexibility of the exchange rate (not entirely fixed, floating nor absolute) and have an independent monetary policy relatively .
The reality of the current VN: rate of VN is being kept stable, monetary policy is still somewhat independent and cash movements is just inching out of control a little tight.
Policy control capital management in VN still loose. When capital flows are strongly made independent monetary policy (inflation) and a stable exchange rate policy (to boost exports and growth) contradict each other, leading to the situation " disorder "of the current economic VN.
Recently Vietnam using both factors ie capital controls has recently intervened by purchasing foreign currency on the market to keep the exchange rate. In the first 10 months the central bank bought nearly $ 10 billion. The central bank aims to keep buying the currency from appreciating. Obviously to keep stable exchange rate of the central bank monetary policy is no longer independent.
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