The Philippines is one of the countries in Southeast Asia that has experienced massive capital inflows. Being a latecomer in this arena, it can avoid the undesirable effects of these inflows by drawing lessons from the experiences of Latin American and Other Asian countries. This paper provides a background and characteristics of capital inflows to developing countries and discusses the issues associated with it. Analysis shows that full sterilization deprives the country of higher investment and growth associated with foreign exchange inflows.
Citations
This publication has been cited 2 times
In other Publications
- Spiegel, Mark M.. 1995. Sterilization of capital inflows through the banking sector: Evidence from Asia. Economic Review, 17-34. Federal Reserve Bank of San Francisco.
- Yap, Josef T. . 2010. Managing capital flows: The case of the Philippines. Managing Capital Flows, chapter 13. Edward Elgar Publishing.
