Interest rates and systemic risk:Evidence from the Vietnamese economy

Nguyen, Hoai Thi Thanh; Tram, Huong Thi Xuan; Nguyen, Linh Thi Thuy

doi:10.1016/j.jeca.2023.e00294

Cited by 2 publications

(3 citation statements)

References 56 publications

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“…The FI sector remains actively involved in fostering inclusive economic growth in Cambodia by providing loans for small and medium enterprises, business expansion, and agricultural activities. However, lending interest rates are higher compared to those in Thailand, Vietnam, Indonesia [22], and Malaysia [23,24]. Based on NBC [113], the purpose of imposing an interest rate ceiling is to shield consumers or borrowers from high interest rates charged by FIs and to make loans more affordable.…”

Section: The Ranking Of Challenges To Access Agricultural Credit For ...mentioning

confidence: 99%

“…A similar low rate was found in Thailand, as the World Bank [22] reported that the interest rates for preparing land reduced from 4.9% in 2019 to 3.1% in 2022. In Malaysia, the Public Islamic Bank of Malaysia offered a higher interest rate to customers, reaching 10.6% in 2020 [23,24], and Indonesia's lending rates reduced from 10.4% to 8.5% in the same period. MFIs charged a higher interest rate, at around 1% per year on average, than banks for providing credit [25][26][27].…”

Section: Introductionmentioning

confidence: 99%

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Identifying Credit Accessibility Mechanisms for Conservation Agriculture Farmers in Cambodia

Men,

Hok,

Seeniang

et al. 2024

Agriculture

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As the expected cost of conservation agriculture (CA) inputs becomes an issue for farmers, financial institutions (FIs) play an essential role in promoting CA, a set of agricultural management practices with multiple positive effects. This research aimed to determine influencing factors, to rank challenges, and identify mechanisms for farmers to access agricultural credit for adoption of CA management practices in Cambodia. It was administered by conducting a survey of 242 randomly selected households for face-to-face interviews and conducting key informant interviews from purposive samples of 28 participants in Battambang and Preah Vihear provinces. The results indicated that influencing factors, including the family, adult labor and total farm size, had a positive relationship with farmers’ accessibility to agricultural credit, whereas age was negative. However, education year, farm size for main crops, on-farm income and farm experience were not significantly associated. High interest rates were the significant first-order challenge ranked, followed by document process complication, limited agricultural credit information, limited collateral security and a few other challenges. Support and improved process mechanisms to enhance credit accessibility are required to engage with multiple stakeholders, including farmers, FIs, non-government organizations (NGOs) and government officers. There has been a reduction in agricultural credit interest rates and incentives for importing CA inputs by the government, while provision of information support for agribusiness plans by NGOs which have implemented development project activities were considered as the main support mechanism. An improved process mechanism at the farmers’ level needs to include access to credit with low interest rates and a straightforward documentation process, whereas the FI level requires a business plan for lending decisions. It is evident that high lending rates hinder access to agricultural credit and the improvement of support and improved process mechanisms are necessary to better promote CA practices among farmers in Cambodia.

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Section: The Ranking Of Challenges To Access Agricultural Credit For ...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Identifying Credit Accessibility Mechanisms for Conservation Agriculture Farmers in Cambodia

Men,

Hok,

Seeniang

et al. 2024

Agriculture

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“…However, the Vietnamese economy is affected by interest rate fluctuations. Still, as long as the domestic government in accordance with the domestic demand and supply, timely adjustments, and set appropriate policies to attract the return of foreign capital, the economy's basic disk will not fluctuate too much [7]. However, due to the withdrawal of foreign capital, the depreciation of the Vietnamese dong compared to the US dollar, and lower demand in foreign markets, Vietnam's development in some emerging industries may be hit hard or even stagnate.…”

Section: Impact On Underdeveloped Economiesmentioning

confidence: 99%

The Global Impact of and Response to the Fed's Interest Rate Hike

Liu

2024

HBEM

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The international situation is tense, and the international economic situation is in a state of instability. Political factors similar to the Russian-Ukrainian war and the Palestinian-Israeli conflict continue to affect international economic trade deeply. As the country with the highest global GDP, the United States, its economic policy has a pivotal impact on the global economy. Because of the instability of the external environment and violent internal conflicts, coupled with the local economic situation being in a downward phase, the United States has adopted a more extreme monetary policy of interest rate hikes to absorb the dollar capital from all over the world back to the United States. This article is based on the U.S. interest rate hike for the U.S. itself, developed capitalist countries, the Chinese region, and the Asian economic backwardness of the country's impact, as well as some of the countries for the U.S. interest rate hike policy to take measures, and combined with the U.S. interest rate hike in the past the purpose and impact of the U.S. to analyze the United States of America's further economic decision-making trends and the future trend of the international economic and political trends, and to explore the China and other countries to better cope with the method. The study finds that the Fed's big move to carry out the interest rate hike this time is related to the unemployment problem within the United States, the racial problem and cultural conflict, as well as the leftover problems after the end of the epidemic, and uses this as a lead to try to adjust the economic situation of the whole world. Through the tidal wave of the dollar, hostile countries are weakened, paving the way for future wars or better control of the entire international situation.

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Interest rates and systemic risk:Evidence from the Vietnamese economy

Cited by 2 publications

References 56 publications

Identifying Credit Accessibility Mechanisms for Conservation Agriculture Farmers in Cambodia

Identifying Credit Accessibility Mechanisms for Conservation Agriculture Farmers in Cambodia

The Global Impact of and Response to the Fed's Interest Rate Hike

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