Philippines : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

May 22, 2006

Electronic Access:

Free Full Text (PDF file size is 662 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper on the Philippines reviews the diminished volatility of the Republic of Philippines bonds (RoPs), even through a period of extended turbulence cannot be attributed solely to the sanguine global factors currently prevailing across all credit markets. Considerable fiscal gains have already been achieved following the introduction of these reforms. The estimated magnitude of second-round effects for the Philippines is likely an upper bound, as greater competition, ongoing fiscal consolidation, and enhanced monetary policy credibility will likely reduce the scope for second-round effects over time.

Series:

Country Report No. 06/181

Subject:

English

Publication Date:

May 22, 2006

ISBN/ISSN:

9781451831375/1934-7685

Stock No:

1PHLEA2006002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

54

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