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Publication Detail
WP 1988-10: Financing the Budget Deficit in a Small Open Economy: The Case of the Philippines, 1981-1986

This paper determines whether or not there is a rule for financing public debt that the public can discern. Specifically, it determines the nature of the “crowding out” effect. It then empirically investigates its impact on the nominal and real interest rates.

Philippine Institute for Development Studies
Authors Keywords
Gochoco, Maria Socorro H.; financial sector; financial services;
Download PDF Number of Downloads
Published in 1988 and available in the PIDS Library or Downloaded 825 times since November 25, 2011
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