Bi 23

-la ha ti chnh

Tin gi ngoi t trong h thng

ngn hng Vit Nam
45%
40%
35%
30%
25%
Foreign currency/total deposits
20%

Foreign currency deposits/GDP

15%
10%
5%
0%
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Ngang bng li sut c bc l

(UIP)
i1 i2 > E(e) hay i1 i2 < E(e)
Nu i (VND) = 15% v i ($) = 5%, VND c
k vng mt gi so vi $ 10%.
Nu E(e) < 10%, vn ngn hn s chy vo
VND
Nu E(e) > 10%, vn ngn hn s chy ra
khi VND

C sc ng rupiah Indonesia
1997/98
IDR/USD
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0

-la ha v su ti chnh

Source: Yeyati 2006

Ti sn v n nc ngoi ca khu
vc ngn hng
18%
16%
14%
12%
10%
Foreign assets/GDP
8%

Foreign liabilities/GDP

6%
4%
2%
0%
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009