Financial Sector Issues in the Philippines
ASEDP
No.36
Edited by Raul V. Fabell, Kazuhisa Ito
Published in 1996
CONTENTS
Contents (282KB)
Preface / Raul V. Fabell, Kazuhisa Ito
CHAPTER 1.
Philippine Financial Development:1980-95 / Cayetano W. Paderanga, Jr.
Introduction
Reforms and Central Bank Rehabilitation
Changes in the Banking System
Changes in Monetary Variables
The Real Economy
The Role of the Financial System
References
Reforms and Central Bank Rehabilitation
Changes in the Banking System
Changes in Monetary Variables
The Real Economy
The Role of the Financial System
References
CHAPTER 2.
The Effects of Monetary Policy on Savings and Investments / Joseph Y. Lim
Introduction
A Summary of the Savings and Investments Picture
Some Regression Results
Personal Consumption Expenditure
The Personal Savings Function
The Investment Function
Interest Rates and Prices
Summary and Conclusions
References
Appendix
A Summary of the Savings and Investments Picture
Some Regression Results
Personal Consumption Expenditure
The Personal Savings Function
The Investment Function
Interest Rates and Prices
Summary and Conclusions
References
Appendix
CHAPTER 3.
Financial Reforms and Credit Finance for Local Governments / Benjamin E. Diokno
Introduction
Pre-devolution Credit Financing
Debt Relief
Post-devolution Credit Financing
Prospects for Credit Financing for Local Governments
Implications for Policy
References
Pre-devolution Credit Financing
Debt Relief
Post-devolution Credit Financing
Prospects for Credit Financing for Local Governments
Implications for Policy
References
CHAPTER 4.
Current Issues in the Philippine Capital Market / Kazuhisa Ito
Introduction
The Philippine Capital Market in Comparison with its Neighboring Countries
Role of the Capital Market
Brief Background on the Philippine Capital Market
Brief History
Present Situation
Current Issues in the Philippine Capital Market
Conclusion
References
The Philippine Capital Market in Comparison with its Neighboring Countries
Role of the Capital Market
Brief Background on the Philippine Capital Market
Brief History
Present Situation
Current Issues in the Philippine Capital Market
Conclusion
References
CHAPTER 5.
Investing in Equity: Toward an Alternative Paradigm for Reforming Agricultural Land Relations / Arsenio M. Balisacan
Introduction
Myths, Facts and Lessons from Experience
Tenancy Reforms: Theory and Evidence
Other Lessons from International Experience
CARP: Features, Problems and Issues
Toward and Alternative Paradigm
Decentralized Approach
Matching Grants
Deregulation of Agricultural Markets
State and Supply of Land
References
Myths, Facts and Lessons from Experience
Tenancy Reforms: Theory and Evidence
Other Lessons from International Experience
CARP: Features, Problems and Issues
Toward and Alternative Paradigm
Decentralized Approach
Matching Grants
Deregulation of Agricultural Markets
State and Supply of Land
References
Chapter 6
On the Objectives and Design of Special Credit Programs for the Rural Sector / Emmanuel F. Esguerra
Background
Rural Credit Programs After 1986
Justifying Special Credit Programs
Theory
Practice
Loan Targeting and the Design of Rural Credit Programs
Summary
References
Rural Credit Programs After 1986
Justifying Special Credit Programs
Theory
Practice
Loan Targeting and the Design of Rural Credit Programs
Summary
References