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Helicoper Money And The Prospect Of Implementation In Vietnam During Economic Crises

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  • Mai, Nhat Chi

Abstract

As the current COVID-19 pandemic lingers on with its fallout agonizing several economies on the globe, a number of policy instruments have been summoned by governments to cope with the looming recession. Among those instruments is the contentious “helicopter money”, which has received the endorsement of multiple economists while many others consider it a too risky tactic to follow. This paper is going to discuss the suitability of implementing “helicopter money” in the context of Vietnam during economic crises, particularly with a focus on the ongoing novel coronavirus-induced economic downturn. The author also makes an attempt to clarify certain challenges that Vietnamese legislators should better study carefully if “helicopter money” is ever to be deployed, as well as the circumstances and extent of such deployment.

Suggested Citation

  • Mai, Nhat Chi, 2020. "Helicoper Money And The Prospect Of Implementation In Vietnam During Economic Crises," OSF Preprints rcpk4, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:rcpk4
    DOI: 10.31219/osf.io/rcpk4
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    References listed on IDEAS

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    1. Buiter, Willem H., 2014. "The simple analytics of helicopter money: Why it works - always," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 8, pages 1-51.
    2. Ansgar Belke, 2018. "Helicopter Money: Should Central Banks Rain Money from the Sky?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 53(1), pages 34-40, January.
    3. Paul Glewwe & Nisha Agrawal & David Dollar, 2004. "Economic Growth, Poverty, and Household Welfare in Vietnam," World Bank Publications - Books, The World Bank Group, number 15010, December.
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