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Offshore banking and the Philippine economy /

By: Sicat, Gerardo P.
Series: Vol. 11 No. 2 Second Sem 1984.Description: p.203-229.Subject(s): Banking - Offshore | Banks | Economic conditions - PhilippinesOnline resources: Click here to access online In: Journal of Philippine DevelopmentSummary: The establishment of offshore banks has given further vent to new financial issues confronting the Philippine policy on banking. In discussing this subject, it is useful to review the rational for the creation of offshore banks in the Philippines, the benefits derived from them, the future of their financial operations and most important, from Philippine viewpoint, to assess their contributions to the progress of the Philippines' economy
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The establishment of offshore banks has given further vent to new financial issues confronting the Philippine policy on banking. In discussing this subject, it is useful to review the rational for the creation of offshore banks in the Philippines, the benefits derived from them, the future of their financial operations and most important, from Philippine viewpoint, to assess their contributions to the progress of the Philippines' economy

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