PHILIPPINE – THE 1997–1999 PHILIPPINE ECONOMIC DOWNTURN: A PREVENTABLE ONE

Edita A. Tan
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Edita A. Tan: School of Economics, University of the Philippines, Deliman, Quezon City 1101, Philippines

Chapter 11 in From Crisis to Recovery:East Asia Rising Again?, 2001, pp 389-427 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:INTRODUCTIONHYPOTHESES ON THE ASIAN CRISISMarket Failure in the Financial SystemThe Currency ProblemThe Trade SectorPolicy Responses to the CrisisPHILIPPINE ECONOMIC DEVELOPMENT BEFORE THE CRISISTHE DOWNTURN AND ITS CAUSEGrowth and Macro Fundamentals in the 1990'sMovement in the Capital AccountThe Financial SectorPolicy ResponsesCONCLUSIONSAPPENDIX Note

Keywords: Bubble Economy; Crisis Management; Excess Investment; external Debt; Financial Crisis; Government Intervention; international Speculation; Moral Hazard; Non-Performing Loans; Nepotism between Politicians and Enterprises (search for similar items in EconPapers)
Date: 2001
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