Domestic Credit and the Balance of Payments: Some Empirical Results

Llanto, Gilberto M. Author_Email:

Philippine Journal of Development, 1987

Abstract: The monetary approach to the balance of payments (BOP) takes the view that domestic credit is exogenous to BOP and that it is deteriorated by the excess money, which results from domestic credit expansion. This article determines whether in fact the assertion is true. Utilizing the method developed by Grange and Sims, evidence lends validity to the hypothesis.

Keywords: financial market; financial sector; credit market; balance of payments (search for similar items in EconPapers)
Date: 1987
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:phd:pjdevt:jpd_1987_vol__xiv_no__2-a

DOI: 10.62986/pjd1987.14.2a

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