Managing Surges in Capital Inflows: The Philippine Case

JPD 1995 Vol. XXII No. 1-b

1995

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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. This article has been published as a 1994 PIDS discussion paper.

Citations

This publication has been cited time(s).

Mercado, Rogelio Jr., 2016 "Are capital inflows expansionary or contractionary in the Philippines?" , Trinity College Dublin, Department of Economics
Mercado, Rogelio Jr., 2020 "Are capital inflows expansionary or contractionary in the Philippines?" , Elsevier
Yap, Josef T. , 2010 "Managing capital flows: The case of the Philippines" , Edward Elgar Publishing
Lamberte, Mario B. and Josef T. Yap, 1999 "Scenarios for economic recovery: The Philippines" , Philippine Institute for Development Studies
David, Cristina C., 1999 "Constraints to food security: The Philippine case" , Philippine Institute for Development Studies
Tetangco, Amando M. Jr, 2005 "The composition and management of capital flows in the Philippines" , Bank for International Settlements
Spiegel, Mark M., 1995 "Sterilization of capital inflows through the banking sector: Evidence from Asia" , Federal Reserve Bank of San Francisco
Spiegel, Mark M., 1995 "Sterilization of capital inflows through the banking sector: Evidence from Asia" , Federal Reserve Bank of San Francisco
Lamberte, Mario B., 1999 "Currency crisis: Where do we go from here?" , Philippine Institute for Development Studies
David, Cristina C., 1999 "Constraints to food security: The Philippine case" , Philippine Institute for Development Studies
David, Cristina C., 1998 "Towards an efficient path to food security: The Philippine case" , Philippine Institute for Development Studies
Yap, Josef T., 2008 "Managing capital flows: The case of the Philippines" , East Asian Bureau of Economic Research
Cororaton, Caesar B., 1997 "Exchange rate movements in the Philippines" , Philippine Institute for Development Studies

Contributor

Philippine Institute for Development Studies

Authors

Lamberte, Mario B.

Keywords

Foreign direct investment (FDI); competition policy; sterilization; capital flows; capital account