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Contagion effects of the Asian crisis, policy responses and their implications
Philippine Institute for Development Studies, 1999In July 1997, the Thai financial crisis broke out, which had strong contagion effects on the neighboring economies, including the Philippines. In fact, the Philippine peso was among the initial currencies subjected to heavy speculative attacks. However, the country was not as severely affected in that the currency crisis did not develop into a full blown financial and economic crisis.DocumentTracking East Asia's recovery from the Capital Account Crisis: analysis, evidence and policy implications
Philippine Institute for Development Studies, 2001The strong recovery of the five crisis-affected countries of East Asia between 1999 and 2000 has revived the debate on the causes of the 1997 financial crisis. Initially there had been an emerging consensus that the crisis had originated from the capital account.DocumentASEAN's fledgling debt securities markets: more tasks ahead
Philippine Institute for Development Studies, 2002ASEAN economies have long recognized the importance of developing a deep and broad domestic debt securities market to complement the banking system in efficiently mobilizing and allocating financial resources. However, it was only in the early 1990s that they started to make bold steps to build a vibrant domestic debt securities market.OrganisationK-Developedia
K-Developedia is an open access repository that contains more than 35,000 resources on Korean development experience.Key features:DocumentEfficiency and expense preference in the Philippines' cooperative rural banks
Philippine Institute for Development Studies, 2002This paper attempted to test whether efficient cooperative rural banks (CRBs) have a better control of their agency costs. We used two different concepts of efficiency, namely, cost efficiency and alternative profit efficiency, and found somewhat different results from both approaches. Using Stochastic Frontier Approach and Distribution Free Approach, we tested two different propositions.DocumentComputing additive CVMs of GDP subaggregates
Philippine Institute for Development Studies, 2010In practice, GDP in chained prices is the economy-wide result of following the recommendation by the 1993 UN System of National Accounts for adoption of chained volume measures (CVMs).DocumentJapan-Philippines Economic Partnership Agreement (JPEPA): Toward a framework for regional economic integration
Philippine Institute for Development Studies, 2010With less than two years after its ratification, many of the economic gains expected under JPEPA have yet to be realized. But while critics may be quick to judge its failure due to this seeming lack of progress, neither have there been costs and dislocations that should have been more immediately evident. Moreover, the recent trends in trade and investments appear encouraging.DocumentAchieving the ASEAN Economic Community 2015: challenges for the Philippines
Philippine Institute for Development Studies, 2010ASEAN member countries are moving to wards achieving the ASEAN Economic Community with the timeline set at 2015. It is therefore important for policymakers in the region to sustain the momentum—or perhaps even accelerate the pace— towards establishing the AEC. Policy measures are being implemented based on the AEC Blueprint agreed upon in 2007.DocumentThe role of the private sector in regional economic integration: a view from the Philippines
Philippine Institute for Development Studies, 2010The private sector is the driver of growth in most ASEAN economies. It is therefore expected to play a significant role in the process of economic integration in ASEAN. In the Philippines, the private sector has dominated the economy, contributing about 95 percent of GDP, but it has not lived up to its potential.DocumentImproving the financial management of local economic enterprises
Philippine Institute for Development Studies, 2010Local economic enterprises (LEEs) may include public markets, slaughter houses, hospitals, public cemeteries, parking areas, sports, recreational and cultural facilities, public utilities such as water and power supply and distribution and telecommunications, garbage collection and disposal, and public transport and terminal services, among others.Pages
