Financial Liberalization and Interest Rate Determination: The Case of the Philippines, 1981-1985

Maria Socorro H. Gochoco

No WP 1989-06, Working Papers from Philippine Institute for Development Studies

Abstract: How are interest rates determined in an open economy after financial liberalization has taken place? This is the main question that this paper attempts to answer. Utilizing a model adopted from Edwards and Khan, the author explains how interest rates are determined by both domestic monetary conditions and external factors once the financial sector is liberalized.

Keywords: financial market; financial sector; financial liberalization; interest rate (search for similar items in EconPapers)
Pages: 90
Date: 1989
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