Philippines: Selected Issues

February 20, 2009

Preview Citation

Format: Chicago

Philippines: Selected Issues, (USA: International Monetary Fund, 2009) accessed December 22, 2024

Summary

This Selected Issues paper for the Philippines has been prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. Spillovers have been particularly prominent for countries with financial systems with high foreign bank participation, large exposures to ailing global financial institutions and structured products, and high external liabilities, including through wholesale funding. With a nascent capital market, the economy’s exposure to securitization and off-balance sheet activities is limited. The presence of foreign capital remains low in both the capital market and the banking system.

Subject: Automatic stabilizers, Balance of payments, Banking, Expenditure, Fiscal policy, Fiscal rules, Remittances

Keywords: Asia and Pacific, Automatic stabilizers, Bank, Central America, Central and Eastern Europe, CR, Electricity price, Equilibrium current account balance, FE estimation result, Fiscal rules, Global, IMF staff calculation, ISCR, Middle East, NPC price, Remittance, Remittances, Tariff adjustment

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/063
Stock No:

1PHLEA2009002
ISBN:

9781451831443
ISSN:

1934-7685

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