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Financial Reform and Development in the Philippines, 1980-1997: Imperatives, Performance and Challenges

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  • Llanto, Gilberto M.
  • Intal, Ponciano Jr. S.

Abstract

This paper discusses financial reform and development in the Philippines during the past one and a half decades and the challenges facing the financial sector in the light of greater international financial integration. Issues on prudential regulation and how it can be improved and strengthened are presented. Key lessons from the Philippines and Southeast Asian experience are also discussed.

Suggested Citation

  • Llanto, Gilberto M. & Intal, Ponciano Jr. S., 1998. "Financial Reform and Development in the Philippines, 1980-1997: Imperatives, Performance and Challenges," Philippine Journal of Development JPD 1998 Vol. XXV No. 1-a, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:jpd_1998_vol__xxv_no__1-a
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    References listed on IDEAS

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    1. Stiglitz, Joseph E, 1989. "Financial Markets and Development," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 5(4), pages 55-68, Winter.
    2. Lamberte, Mario B. & Yap, Josef T. & Zingapan, Socorro & Untalan, Teodoro S., 1990. "Central Bank Policies and the Behavior of the Money Market," Working Papers WP 1990-24, Philippine Institute for Development Studies.
    3. Joseph E. Stiglitz, 1989. "Markets and Development," NBER Working Papers 2961, National Bureau of Economic Research, Inc.
    4. Bautista, Ernesto D., 1992. "A Study of Philippine Monetary and Banking Policies," Working Papers WP 1992-11, Philippine Institute for Development Studies.
    5. Ms. Carmen Reinhart & Mr. Mohsin S. Khan, 1995. "Capital Flows in the APEC Region," IMF Occasional Papers 1995/015, International Monetary Fund.
    6. Polizatto, Vincent P., 1990. "Prudential regulation and banking supervision : building an institutional framework for Banks," Policy Research Working Paper Series 340, The World Bank.
    7. Caprio Jr., Gerard, 1997. "Safe and sound banking in developing countries : we're not in Kansas anymore," Policy Research Working Paper Series 1739, The World Bank.
    8. Bernhard Fischer & Helmut Reisen, 1992. "Towards Capital Account Convertibility," OECD Development Centre Policy Briefs 4, OECD Publishing.
    9. Edita A. Tan, 1989. "Bank Concentration and the Structure of Interest," UP School of Economics Discussion Papers 198915, University of the Philippines School of Economics.
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    Cited by:

    1. Gabriella Montinola & Ramon Moreno, 2001. "The political economy of foreign bank entry and its impact: theory and a case study," Pacific Basin Working Paper Series 2001-11, Federal Reserve Bank of San Francisco.
    2. Maria Socorro Gochoco-Bautista, 2006. "An Assessment of the Usefulness of Money for Policy in the Philippines," Asian Economic Papers, MIT Press, vol. 5(1), pages 142-176, Winter.
    3. TengTeng Xu, 2012. "The Role of Credit in International Business Cycles," Staff Working Papers 12-36, Bank of Canada.
    4. Mercado, Rogelio, 2020. "Are capital inflows expansionary or contractionary in the Philippines?," Journal of Asian Economics, Elsevier, vol. 67(C).
    5. Luc Can & Mohamed Ariff, 2009. "Performance of East Asian banking sectors under IMF-supported programs," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 14(1), pages 5-26.
    6. Jenny D. Balboa & Erlinda M. Medalla & Josef T. Yap, 2007. "Closer Trade and Financial Cooperation in ASEAN : Issues at the Regional and National Level with Focus on the Philippines," Trade Working Papers 21907, East Asian Bureau of Economic Research.
    7. Alfredo C. Robles, 2014. "EU Trade in Financial Services with ASEAN, Policy Coherence for Development and Financial Crisis," Journal of Common Market Studies, Wiley Blackwell, vol. 52(6), pages 1324-1341, November.

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