Financing the Budget Deficit in a Small Open Economy: The Case of the Philippines, 1981-1986
AbstractThis 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.
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Bibliographic InfoPaper provided by Philippine Institute for Development Studies in its series Working Papers with number WP 1988-10.
Date of creation: 1988
Date of revision:
financial sector; financial services;
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