A country is not just located in a certain peak in i. T, which may be located somewhere in the triangle that is, can they: capital controls in a certain extent (not for complete freedom, nor is the strict control completely), there is a degree of flexibility of the exchange rate (not entirely is fixed , nor the absolute floating) and have an independent monetary policy.The reality of the current PH: pH rates are being kept pretty steady monetary policy, still somewhat independent and revolving flow which then just move out of the tightly controlled a little.Capital control policy in VIETNAM also loose tolerances. When that capital revolving are strong did for independent monetary policy (to curb inflation) and the stable exchange rate policy (aiming to promote exports and growth) contradict each other, which leads to the condition of the economy's "disorder" VIETNAM today.The last time Vietnam use both elements i.e. just control the flow of capital has just intervene by buying and selling currencies on the market to keep rates. In the first 10 months of the year the SBV purchased on nearly 10 billion dollars. The SBV purchased in order to keep the local currency from up the price. Obviously to keep the exchange rate stable the SBV's monetary policy is no longer independent.
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