Philippines : Selected Issues

1PHLEA2006002 Image
Price:  $15.00

Release Date: © May, 2006
ISBN : 978-1-45183-137-5
Stock #: 1PHLEA2006002
English
Stock Status: On back-order

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Description

This Selected Issues paper on the Philippines reviews the diminished volatility of the Republic of Philippines bonds (RoPs), even through a period of extended turbulence cannot be attributed solely to the sanguine global factors currently prevailing across all credit markets. Considerable fiscal gains have already been achieved following the introduction of these reforms. The estimated magnitude of second-round effects for the Philippines is likely an upper bound, as greater competition, ongoing fiscal consolidation, and enhanced monetary policy credibility will likely reduce the scope for second-round effects over time.

Taxonomy

Currencies , Debt , Economic policy , Fiscal policy , Foreign exchange , Inflation , Monetary policy , Population , Social policy




More publications in this series: IMF Staff Country Reports