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Financial Institutions and Markets in the Philippines

In: Financial Institutions and Markets in Southeast Asia

Author

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  • Alfredo E. Pascual

Abstract

An archipelago located about 1000 kilometres southeast of continental Asia, the Philippines consists of approximately 7100 islands extending 1800 kilometres north to south between Taiwan and Indonesia. The 11 largest islands constitute 94 per cent of the 30 million hectare land area, of which 42 per cent is classified as forest and mineral land; 48 per cent as plantation and crop land; and the rest as urban and open land. The territorial waters in and around the islands aggregate to 167 million hectares of actual and potential fishing grounds with over 2000 known species of aquatic life. The country has a tropical climate that allows year round cultivation of crops, although seasonal typhoons do bring strong winds and flood waters that sometimes cause destruction, especially in the northern islands.

Suggested Citation

  • Alfredo E. Pascual, 1984. "Financial Institutions and Markets in the Philippines," Palgrave Macmillan Books, in: Michael T. Skully (ed.), Financial Institutions and Markets in Southeast Asia, chapter 4, pages 167-225, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04118-3_4
    DOI: 10.1007/978-1-349-04118-3_4
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    Cited by:

    1. David C. Cole, 1988. "Financial Development In Asia," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 2(2), pages 26-47, September.

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