Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/187409 
Autor:innen: 
Erscheinungsjahr: 
1999
Schriftenreihe/Nr.: 
PIDS Discussion Paper Series No. 1999-23
Verlag: 
Philippine Institute for Development Studies (PIDS), Makati City
Zusammenfassung: 
This paper tries to verify empirically the claim that there has been a credit crunch in the Philippines since the onset of the Asian financial crisis in July 1997. The results of the analysis using both macro and micro level data do not support such claim. Instead, the results tend to show that the current slowdown in bank loans is merely a reflection of the economic downturn. The paper recommends that policymakers focus their attention on raising aggregate demand using both monetary and fiscal policies.
Schlagwörter: 
Asian financial crisis
Dokumentart: 
Working Paper

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