tailieunhanh - Impact of remittances on financial development in Vietnam

This study focuses on the impact of remittances on Vietnam’s financial development. The results drawn from its quantitative approach demonstrate that although remittance flows to the country may lead to increase in bank deposits, such increase is not high. | 46 Pham Thi Hoang Anh / Journal of Economic Development 22 (3) 46-58 Impact of Remittances on Financial Development in Vietnam PHAM THI HOANG ANH Banking Academy of Vietnam – hoanganhbav@ ARTICLE INFO ABSTRACT Article history: This study focuses on the impact of remittances on Vietnam’s financial development. The results drawn from its quantitative approach demonstrate that although remittance flows to the country may lead to increase in bank deposits, such increase is not high. On the other hand, reduction in credit demands may be subject to remittance flows, per the financial development based on a few credit growth indicators. In other words, effects of remittance flows, as indicated by VAR model, are not noticeable despite their positive impact, as in examples of increased deposits and remittance payment services on their current growth. Based on these findings, the study suggests several implications that improve the positivity of impact on the financial development. Received: Aug. 18. 2014 Received in revised form: Apr. 02. 2015 Accepted: Jun. 28. 2015 Keywords: remittances, financial development, VAR, Vietnam. Pham Thi Hoang Anh / Journal of Economic Development 22 (3) 46-58 47 1. General issues regarding financial development Financial development of a nation acts as one of the stimulants to investment and economic growth, especially in developing countries. It is determined by bank loans to private sector, or market capitalization to GDP, accompanied by income. Developed countries possess better refined financial systems, enabling them to carry out the mediation function more effectively than developing ones. This is realized by the fact that more diversified financial structures have come into effect: capital flows cycling in these economies do not just come from the banking systems but are also derived from bond or stock markets. Developed countries, to put it differently, adopt .

• Ngân hàng - Tín dụng
• Financial development
• VAR model
• Bank deposits
• Credit demands
• Credit growth indicators
• Thesis summary
• Financial development and economic growth
• Economic growth
• Policy implications for Vietnam
• National combined financial development index
• Foreign direct investment and financial development
• New insights threshold approach
• Foreign direct investment
• Determinants of financial development
• Political institutions
• Financial reforms
• Geographic determinants
• Carbon markets
• Financial institutions
• Financial structure
• Market based financial systems
• Bank based financial systems
• Rule of law
• Development of the national financial safety net
• Financial safety net
• The national financial safety net in Vietnam
• National financial safety net
• Building legal frameworks
• Strengthening members’ capacity
• General determinants
• Private investment
• Some stylized facts
• The potential determinants
• Empirical strategy
• Empirical results
• Economic openness
• Interest rate
• Predictors of financial development
• Ghana whilst size
• Information and communication Technology
• Energy consumption
• Financial development in Africa
• Communication technology
• Empirical analysis of shenzhen
• Financial development and economic
• Real economy
• Trade openness
• Saudi Arabia
• Linkage between financial development
• Endogenous growth theory
• Financial development on economic
• Lecture Product Design and Development
• Product design
• Product development
• Product development economics
• Product development cash flow
• Project financial analysis
• Income inequality
• Financial kuznets curve
• Pandemic Covid 19
• Short run relationships based
• Financial market expansion in Vietnam
• Generalized method of moments
• Economic development
• Panel data
• Least developed countries
• Relationship between financial development
• Asean countries
• Electricity consumption
• Financial system development
• Capital formation
• Economic growth induces trade diversification
• Belt and road countries
• Road economies
• Energy consumption nexus
• functioning
• financial system
• ong run economic
• fiscal policy
• Corporate Financial Structure
• Working Paper
• Financial Stability
• financial crisis
• Economic Cooperation and Development
• emerging market economy countries
• giáo trình đại học
• tài chính doanh nghiệp
• thị trường tài chính
• Tạp chí khoa học
• Addis Ababa action agenda
• Financing for development
• Sustainable development goals
• Financial sector plays
• Industrial production
• ARDL cointegration approach
• Industrial production in Nigeria