Volume 2 • Issue 2 | June, 2018

The Impact of Monetary Policy And Macro Prudential Policy on Financial Stability in Vietnam-Regarding Credit Growth

Nguyen Duc Trung, Nguyen Hoang Chung

Abstract: This paper analyses the factors affecting credit growth of 21 commercial banks in Vietnam in the period 2008-2015. Using regression model with Driscoll-Kraay standard errors method using panel data to correct the auto-correlation and heteroskedasticity to ensure stable, reliable results, the results show that monetary policy indicates a stronger impact than macro prudential policy on credit growth in Vietnam.