Browsing by Author "Ha, D."
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Item Open Access Early warning systems for currency and systemic banking crises in Vietnam(Routledge, 2021-08-20) Ha, D.; Nguyenb, P.; Nguyen, D. K.; Şensoy, AhmetThis paper introduces a new early warning system (EWS) for cur rency and systemic banking crises in emerging and frontier emer ging markets, which combines the methods of Signal, Logit/Probit, BMA, and 2SLS. We apply this framework to the case of Vietnam, a fast-growing and leading frontier emerging market. Using data covering the period from January 2002 to December 2016, our EWS suggests a low crisis probability for the 2017–2018 period. The empirical results also reveal the importance of eight key indicators, namely securities index, real effective exchange rate, exports, M2/ reserves, bank deposits, reserves, M2 multiplier and the impact of the 2008–2009 global financial crisis in the success of the new EWS. Our results support the earlier findings on i) the impact of dollarisa tion on currency crises and ii) the impact of the global financial crisis on both currency and systemic banking crises in Vietnam.Item Open Access Empowering mobile money users: The role of financial literacy and trust in Vietnam(Elsevier BV, 2023-11) Ha, D.; Şensoy, Ahmet; Phung, A.While other countries have implemented mobile money very early with promising results, Vietnam, a bank-based country, only started the pilot implementation in November 2021. By the end of the pilot period, the percentage of people with mobile money accounts still needs to reach expectations. In this respect, our study focuses on financial literacy and perceived trust by analyzing consumers’ intention to use mobile money. The results of the analysis show that six factors affect the intention to use mobile money, including (1) Perceived Usefulness, (2) Perceived Ease of Use, (3) Perceived Risk, (4) Perceived Value, (5) Financial Literacy, and (6) Perceived Trust. Although perceived trust does not have the most decisive direct impact, it plays a mediating role in promoting the intention to use mobile money. Perceived Trust helps users significantly increase their perceived usefulness and intention to use. Perceived Trust also indirectly increases the Perceived Value in the intention to use mobile money. In addition, the newly constructed financial literacy factor also significantly impacts the intention to use mobile money. The research results help clarify the role and mechanism of perceived trust in the intention to use mobile money. At the same time, it helps managers consider increasing the capacity of mobile money through perceived trust and financial literacy in a country where the banking system has been relatively expanded.