Forensic Accounting: Hidden balance of payments of the Philippines

Edsel Beja

MPRA Paper from University Library of Munich, Germany

Abstract: An examination of the available data between 1990 and 2005 reveals that the balance of payments of the Philippines does not record large amounts of international transactions. Unrecorded international transactions for the 16-year period amount to US$ 192 billion (in 1995 prices). The results suggest a serious problem in the government’s macroeconomic management of the Philippines, and expose a weak or weakening capacity in the governance of international transactions.

Keywords: Balance of Payments; Capital Flight; Trade Misinvoicing; Other Unrecorded Transactions; Philippines (search for similar items in EconPapers)
JEL-codes: B40 B50 C82 F40 O53 (search for similar items in EconPapers)
Date: 2006-11-25, Revised 2007-09-12
New Economics Papers: this item is included in nep-acc, nep-his and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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