Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187344 
Year of Publication: 
1998
Series/Report no.: 
PIDS Discussion Paper Series No. 1998-02
Publisher: 
Philippine Institute for Development Studies (PIDS), Makati City
Abstract: 
The recent currency and financial turmoil in East Asia have led to the evaluation of current financial and macroeconomic policies. The Philippines, which has been the worst hit in the 1980 economic crisis has indicated greater resilience in the 1990 financial crisis. Experts have attributed this to the institutional reforms the country undertook during the past 15 years. This paper discusses the reform and development the Philippine government undertook during that period with a focus in the financial system. This also identifies the challenges facing the sector in the light of greater international financial integration. Analysis indicates that the achievement of financial sector stability requires prudential regulation and stable macroeconomic environment. Recommendations regarding regulation, supervision and monitoring in the sector are hoped to aid policymakers in their future endeavors.
Subjects: 
financial market
financial economy
financial sector
financial reform
financial liberalization
financial integration
prudential regulation
Document Type: 
Working Paper

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