Philippines: Selected Issues
International Monetary Fund
No 2009/063, IMF Staff Country Reports from International Monetary Fund
Abstract:
This Selected Issues paper for the Philippines has been prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. Spillovers have been particularly prominent for countries with financial systems with high foreign bank participation, large exposures to ailing global financial institutions and structured products, and high external liabilities, including through wholesale funding. With a nascent capital market, the economy’s exposure to securitization and off-balance sheet activities is limited. The presence of foreign capital remains low in both the capital market and the banking system.
Keywords: ISCR; CR; remittance; bank; equilibrium current account balance; electricity price; tariff adjustment; FE estimation result; NPC price; IMF staff calculation; Remittances; Fiscal rules; Automatic stabilizers; Global; Central and Eastern Europe; Middle East; Asia and Pacific; Central America (search for similar items in EconPapers)
Pages: 52
Date: 2009-02-20
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=22719 (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2009/063
Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm
Access Statistics for this paper
More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().