European Parliament Library

Philippines :, Selected Issues

This Selected Issues paper reports that the Philippines is influenced by global developments through both trade and financial channels. Weaker global growth hurts demand for Philippine exports, which in turn affects consumption and investment. The financial system has only limited exposure to Europe and little reliance on foreign wholesale funding, but contagion could still occur through pullbacks of credit by European banks to the domestic corporate sector or a retreat by foreign investors from local equity and bond markets
Table Of Contents
Cover; Contents; I. Growth Spillovers from the Global Economy to the Philippines; A. Introduction; B. External Linkages; Figures; I.1. Trade, Capital Flows, and Remittances; C. Empirical Analysis; I.2. Impulse Responses to an External Growth Shock; I.3. Impulse Responses to a Global Risk Aversion Shock; I.4. Deviations from Baseline in Downside Scenario; References; II. Interest Rate Transmission, Lending Conditions, and Monetary Policy; A. Introduction; B. Interest Rate Transmission and Lending Conditions; II.1. Policy and Market Rates; II.2. Lending Rate and Credit Growth; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (32 p.)
Specific Material Designation
Form Of Item

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