Financing the Budget Deficit in a Small Open Economy: The Case of the Philippines, 1981-1986

Maria Socorro H. Gochoco

No WP 1988-10, Working Papers from Philippine Institute for Development Studies

Abstract: This paper determines whether or not there is a rule for financing public debt that the public can discern. Specifically, it determines the nature of the “crowding out†effect. It then empirically investigates its impact on the nominal and real interest rates.

Keywords: financial sector; financial services (search for similar items in EconPapers)
Pages: 72
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:phd:wpaper:wp_1988-10

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