Philippines: Background Papers

International Monetary Fund

No 1995/114, IMF Staff Country Reports from International Monetary Fund

Abstract: This Background Paper analyzes the Philippines's experience with capital inflows. It compares the episode of 1993–95 with the pre-debt crisis period, and makes the case that the recent inflows are in important respects more benevolent than in the past. The paper concludes that inflows are consistent with a balanced and sustainable revival in the Philippines economy, and indeed are most likely contributing to recovery. This paper also examines financial reintermediation and new challenges to monetary policy. Requirements and plans for the fiscal reform in the medium term are also described.

Keywords: ISCR; CR; GNP; tax; Philippines; deficit; money demand; liquidity growth; TFP estimate; nominal exchange rate; productivity growth; reform proposal; monetary policy; Capital inflows; Total factor productivity; Demand for money; Liquidity; Asia and Pacific; East Asia (search for similar items in EconPapers)
Pages: 72
Date: 1995-12-19
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=635 (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:1995/114

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 ().