Financial Liberalization and Interest Rate Determination: The Case of the Philippines, 1981-1985
AbstractHow are interest rates determined in an open economy after financial liberalization has taken place? This is the main question that this paper attempts to answer. Utilizing a model adopted from Edwards and Khan, the author explains how interest rates are determined by both domestic monetary conditions and external factors once the financial sector is liberalized.
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Bibliographic InfoPaper provided by Philippine Institute for Development Studies in its series Working Papers with number WP 1989-06.
Date of creation: 1989
Date of revision:
financial market; financial sector; financial liberalization; interest rate;
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