Philippines : Selected Issues

1PHLEA2009002 Image
Price:  $18.00

Release Date: © February, 2009
ISBN : 978-1-45183-144-3
Stock #: 1PHLEA2009002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Capital markets , Economic policy , Financial crisis , Financial institutions and markets , Fiscal policy , International financial system




More publications in this series: IMF Staff Country Reports