Philippines: Selected Issues

International Monetary Fund

No 2012/050, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper reports that the Philippines is influenced by global developments through both trade and financial channels. Weaker global growth hurts demand for Philippine exports, which in turn affects consumption and investment. The financial system has only limited exposure to Europe and little reliance on foreign wholesale funding, but contagion could still occur through pullbacks of credit by European banks to the domestic corporate sector or a retreat by foreign investors from local equity and bond markets.

Keywords: ISCR; CR; rate; Philippines; export; lending; poverty headcount ratio; policy rate; lending condition; poverty reduction; FDI inflow; export activity; Central bank policy rate; Personal income; Treasury bills and bonds; Poverty reduction; Exports; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 30
Date: 2012-03-05
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