Normal view MARC view ISBD view

Managing surges in capital flows: the Philippine case /

By: Lamberte, Mario B.
Series: Vol. 22 No. 1 First Sem 1995.Description: p.43.Subject(s): Capital markets - Philippines | Capital movements - Philippine | PIDS JPD 1995Online resources: Click here to access online In: Journal of Philippine DevelopmentSummary: The Philippines is one of the countries in Southeast Asia that has experienced massive capital inflows. Being a latecomer in this arena, it can avoid the undesirable effects of these inflows by drawing lessons from the experiences of Latin American and Other Asian countries. This paper provides a background and characteristics of capital inflows to developing countries and discusses the issues associated with it. Analysis shows that full sterilization deprives the country of higher investment and growth associated with foreign exchange inflows.
    average rating: 0.0 (0 votes)
No physical items for this record

The Philippines is one of the countries in Southeast Asia that has experienced massive capital inflows. Being a latecomer in this arena, it can avoid the undesirable effects of these inflows by drawing lessons from the experiences of Latin American and Other Asian countries. This paper provides a background and characteristics of capital inflows to developing countries and discusses the issues associated with it. Analysis shows that full sterilization deprives the country of higher investment and growth associated with foreign exchange inflows.

Philippine Institute for Development Studies | Powered by Koha