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. This article has been published as a 1994 PIDS discussion paper.
Citations
This publication has been cited 13 times
In other Publications
- Cororaton, Caesar B.. 1997. Exchange rate movements in the Philippines. Discussion Papers DP 1997-05. Philippine Institute for Development Studies.
- David, Cristina C.. 1999. Constraints to food security: The Philippine case. Discussion Papers DP 1999-31. Philippine Institute for Development Studies.
- David, Cristina C.. 1998. Towards an efficient path to food security: The Philippine case. Discussion Papers DP 1998-39. Philippine Institute for Development Studies.
- David, Cristina C.. 1999. Constraints to food security: The Philippine case. Philippine Journal of Development JPD 1999 Vol. XXVI No.2-a. Philippine Institute for Development Studies.
- Lamberte, Mario B.. 1999. Currency crisis: Where do we go from here?. Discussion Papers DP 1999-10. Philippine Institute for Development Studies.
- Lamberte, Mario B. and Josef T. Yap. 1999. Scenarios for economic recovery: The Philippines. Discussion Papers DP 1999-05. Philippine Institute for Development Studies.
- Mercado, Rogelio Jr.. 2020. Are capital inflows expansionary or contractionary in the Philippines?. Journal of Asian Economics, 67(C). Elsevier.
- Mercado, Rogelio Jr.. 2016. Are capital inflows expansionary or contractionary in the Philippines?. Trinity Economics Papers tep2116. Trinity College Dublin, Department of Economics.
- 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.
- Spiegel, Mark M.. 1995. Sterilization of capital inflows through the banking sector: Evidence from Asia. Pacific Basin Working Paper Series 95-06. Federal Reserve Bank of San Francisco.
- Tetangco, Amando M. Jr. 2005. The composition and management of capital flows in the Philippines. Edited by Bank for International Settlements, 242-259. Bank for International Settlements.
- Yap, Josef T.. 2008. Managing capital flows: The case of the Philippines. Development Economics Working Papers 22703. East Asian Bureau of Economic Research.
- Yap, Josef T. . 2010. Managing capital flows: The case of the Philippines. Managing Capital Flows, chapter 13. Edward Elgar Publishing.
