Exchange rate stability and new entrepreneurs: empirical evidence in Vietnam
by Linh Duy Bui; Chang Won Lee; Huu Phuoc Le; Duy Duong; Ngoc Quang Anh Huynh
International Journal of Economics and Business Research (IJEBR), Vol. 24, No. 3, 2022

Abstract: This paper examines the macroscopic determinants such as the asymmetries of the exchange rate and equity index of the number of newly established firms from Vietnam's perspectives. Employing a rich set of econometric techniques with weekly data from the first week of 2016 to October 2018, we attempt to shed further light on what drives the change of a number of Vietnamese companies registered and the amount of money invested in businesses. This paper serves as a foundation for future studies on the relationship between exchange rate stability and the decision to start up as well as a reference source for the decision-making process of both investors and policymakers in the context of the national entrepreneurship campaign.

Online publication date: Thu, 08-Sep-2022

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