Thai Nguyen

Thai Nguyen
RMIT International University Vietnam | IUV · School of Business & Management

PhD in Financial Economics (University of Nottingham)

About

28
Publications
10,980
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314
Citations
Introduction
Thai Nguyen is an Associate Professor in Financial Economics at the School of Business & Management, RMIT International University Vietnam. Thai’s research interests include cryptocurrency, fintech, banking, and monetary policy.

Publications

Publications (28)
Article
This study uses panel data on Vietnamese commercial banks from 2008 to 2018 in order to investigate the role of strategic interactions in determining bank risk-taking behavior by considering bank asset growth. The results suggest that aggressive competition is less favorable for banks striving for stability and that a high value of competitive stra...
Article
We empirically examine the effects of different measures of liquidity on interest margins of a sample of U.S. commercial banks from 2001 to 2018. Overall, the results reveal that liquidity ratios exert a positive influence on bank margins. Furthermore, the study investigates the role of market power in the relationship between liquidity and interes...
Article
Full-text available
We examine the effects of CEO compensation, excess reserves, and role of monetary policy on bank risk-taking behaviour based on a sample of 88 Chinese commercial banks over the period of 2003–2014. We find evidence that suggests that incentives present in CEO compensation contracts and excess reserves exert a positive and significant impact on risk...
Article
Full-text available
This study investigates the impacts of the United States (US) federal funds rate and Chinese interbank rate on the behaviors of stablecoins and traditional cryptocurrencies. We employ GARCH, EGARCH and Fixed Effects models for the daily sample of the top five stablecoins and the top five traditional cryptocurrencies in terms of market capitalizatio...
Article
This study analyzes the interconnection of the stability of prominent stablecoins including Tether (USDT), USD Coin (USDC), Paxos Standard (PAX), TrueUSD (TUSD) and DAI from 23/11/2019 to 1/04/2021. We find (i) market price fluctuations vary across stablecoins, (ii) instabilities in USDT and USDC significantly drive those of other stablecoins but l...
Chapter
Vietnam has been one of the most successful nations in the fight against COVID-19 whereby the Vietnamese government has reacted quickly to the coronavirus by imposing strict social distancing rules and necessary lockdowns on various businesses and higher education institutions. The restricted access to campuses has required these higher education i...
Article
Full-text available
We examine the effects of CEO compensation, excess reserves, and role of monetary policy on bank risk-taking behaviour based on a sample of 88 Chinese commercial banks over the period of 2003-2014. We find evidence that suggests that incentives present in CEO compensation contracts and excess reserves exert a positive and significant impact on risk...
Article
This study investigates the impacts of Vietnamese banks’ efficiency on the strategic interactions with their rivals. The study argues that efficient banks will compete the market to grow, and then become more responsive to the strategies from their rivals. The study extends the Efficiency Structure theory to capture the behaviours of banks after th...
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Full-text available
This paper empirically investigates the three-way linkages amongst foreign direct investment (FDI), shadow economy and institutional quality by applying the panel dynamic simultaneous-equation modelling approach for a sample of 19 developing Asian countries over the period of 2002–2015. The empirical results by two-step System GMM show that institu...
Article
This study analyzes the impacts of excess liquidity in association with monetary policy rates on commercial banks’ performance – as indicated by their net interest margins (NIMs) – in Vietnam. The study finds that excess liquidity compresses NIMs and attenuates the positive impacts of policy interest rates on NIMs. The study argues that excess liqu...
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This study examines the impact of liquidity and involuntary excess reserves on interest rate pass-through in China. Employing Error Correction Model estimation based on a sample of 86 banks over the period of 2000 – 2013, the study finds that liquid banks can better shield against tightening monetary policy and adjust lending rate sluggishly. In co...
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The Fama-French model offers a framework explaining the stock return variability by capturing the size, value, profitability, and investment patterns of firms; but it fails in capturing the low average returns on small stocks. This article contributes to asset pricing models by investigating the role that the volume of Google search might play as a...
Article
The model predicting Bitcoin price formation remains a mystery to academia and investors. Newly invented cryptocurrencies (alternative coins – altcoins) with enhanced features may become close substitutes to Bitcoin in terms of risk diversification. Employing Autoregressive-Distributed-Lag (ARDL) estimations, we document the evidence that the intro...
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Full-text available
The idea of financial inclusion has recently been discussed as one of the key strategies to enhance economic development (World Bank 2014). We move this discussion forward by examining if bank competition is a crucial component enforcing financial inclusion, which is arguably a finance supply-side driven process. In this study, we compute the finan...
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The roles of institutional quality on economic growth are still heavily debated in the literature. This paper investigates the impacts of institutional quality on economic growth for 29 emerging economies over the 2002-2015 period by employing System Generalized Method of Moments (SGMM) estimators. We find the significant positive impacts of instit...
Article
Bài báo này xem xét ảnh hưởng của nền kinh tế ngầm đối với bất bình đẳng thu nhập tại 19 quốc gia châu Á giai đoạn 1990-2015. Kết quả ước lượng từ tác động cố định (FEM) và mô hình tác động ngẫu nhiên (REM) cho dữ liệu bảng cho thấy kinh tế ngầm làm giảm bất bình đẳng thu nhập trong khu vực nghiên cứu. Cụ thể, kinh tế ngầm làm tăng thu nhập của nhó...
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Full-text available
The study of stock market integration has been renewed with strong attention from the 2008 global financial crisis. This study examines the stock return comovements between each European Emerging markets (EEM) with the largest financial markets including US (S & P 500), UK (FTS100), German (DAX100), and France (CAC40), respectively. The European Em...
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Research on fiscal policy has recently re-emerged after the subprime crisis in 2007. This paper contributes to the literature by examining the impact of institutional quality on the conduct of fiscal policy across Asia Pacific countries from 2002 to 2013. This study is among the first attempts unveiling the important roles of institutional quality...
Article
This article analyses the effects of involuntary excess reserves (IER) on bankers’ remuneration and the penalty associated with bank risk-taking if discovered. The study finds that IER help conceal tail risks, improves bankers’ performance and remuneration. However, the risks once discovered result in heavy penalties on bankers’ remuneration. The s...
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Full-text available
Using a sample of 95 banks that covers the period 2000–2011, this article examines Chinese banks’ credit lending behaviour in response to the changes in the reserve requirement ratio in the presence of involuntary excess reserves (IERs) in the banking system. The study finds that Chinese banks with positive IERs one period after a reserve requireme...
Article
This study examines the bank lending channel and the impact of bank-specific characteristics on credit supply in response to monetary policy changes in respect of involuntary excess reserves in China. Using a sample of 95 banks, this study finds that the interaction of involuntary excess reserves with bank liquidity and with large bank size is more...

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