During the transition towards a market economy, the Vietnamese economy has embarked upon a path of lasting disinflation in a context of dollarization. In this study, a model shedding light on the determinants of inflation in the case of dollarization is developed and estimated with a two-step...

During the transition towards a market economy, the Vietnamese economy has embarked upon a path of lasting disinflation in a context of dollarization. In this study, a model shedding light on the determinants of inflation in the case of dollarization is developed and estimated with a two-step...

Many authors have demonstrated that credit market imperfections lead to situations of permanent income inequalities. Depending on the authors, the channels of investment which are at the source of the income formation, differ; whereas some have chosen physical capital investment, the others have...