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
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Citations: View citations in EconPapers (2)

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