The Crisis in the Financial Sector and the Authorities' Reaction : The Case of the Philippines /

The paper discusses the crisis in the Philippines financial sector that began on a limited scale in 1981 and culminated in a significant contraction of the financial system in 1986. The causes, manifestation and transmission mechanism of the crisis are analyzed and reactions of the authorities to th...

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Yazar: Nascimento, Jean-Claude
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 1990.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 1990/026
Online Erişim:Full text available on IMF
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100 1 |a Nascimento, Jean-Claude. 
245 1 4 |a The Crisis in the Financial Sector and the Authorities' Reaction :   |b The Case of the Philippines /  |c Jean-Claude Nascimento. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1990. 
300 |a 1 online resource (72 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper discusses the crisis in the Philippines financial sector that began on a limited scale in 1981 and culminated in a significant contraction of the financial system in 1986. The causes, manifestation and transmission mechanism of the crisis are analyzed and reactions of the authorities to the crisis are examined. The main conclusion is that weaknesses of the regulatory framework and loose banking practices provoked and exacerbated the crisis, while the political and economic climate during 1979-83 also played a key role. In the end, the authorities' interventions to contain the crisis was sucessful but costly. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1990/026 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1990/026/001.1990.issue-026-en.xml  |z IMF e-Library