Exchange rate policy - Matches

This paper examines the conduct of exchange rate policy in the Philippines since the early 1980s, paying particular attention to the influence of exch..

The East Asian financial crisis of 1997 has sparked a vigorous debate on the appropriate exchange rate regime that an economy must adopt. Two extreme ..

Currency substitution implies the greater share of foreign currency in the asset holdings of domestic residents. Dollarization is the complete replace..

The article presents the arguments on whether the peso is overvalued or not. The Balassa-Samuelson theorem was used as argument against labeling the ..

Since the late 1960s, there has been strong resistance from several quarters against any form of devaluation. While many empirical studies corroborate..

Devaluation in the presence of an external debt will generally lead to a fall in real output and a rise in prices. Central to this paper is the model ..

Since 1970, the Philippines has adopted a flexible exchange rate system that is characterized by a limited rather than full flexibility. This s..

The recent move to allow larger peso depreciation has sparked a number of discussions on the state of Philippine economy. DRN’s first issue is devot..