Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187270 
Year of Publication: 
1994
Series/Report no.: 
PIDS Discussion Paper Series No. 1994-20
Publisher: 
Philippine Institute for Development Studies (PIDS), Makati City
Abstract: 
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.
Subjects: 
competition policy
foreign investment
sterilization
capital flows
capital account
Document Type: 
Working Paper

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