This article attempts to study the Philippine experience with financial liberalization. In particular, it examines the impact of interest rate reforms on the flow of loanable funds in the organized financial market.

Against the backdrop of rural financial markets, this article documents and describes Philippine rural deposit mobilization in view of the recent government attempts to reduce the urban bias of financial developments. It also examines the factors in rural economy that can contribute to the...

Analysis of the performance of rural, private commercial and private development banks indicates that while private commercial banks has done intensive savings mobilization drive outside NCR, the performance of these three financial institutions depend on their operating policy framework and the...

While the ASEAN has achieved peace and stability in the region, it has nothing significant to boast about its economic achievements. This study examines the ASEAN financial cooperative efforts and their implications for improving intra-ASEAN trade and investment. The Philippine perspective is...

Despite the pawnshop’s recently gained popularity as an alternative source of credit, very little study has been accorded to it. To date, there is hardly any thorough study about it. This paper is an attempt to bridge that gap. It analyzes the role of pawnshops in the financial system with...

Do guarantee programs lead to additionality in agricultural lending? Do guarantee programs contribute to small loans? Do guarantee programs encourage banks to use their own funds? Do guarantee programs reduce the cost of lending to banks and how cost effective are the guarantee programs? These...

This study is an attempt to explain the pattern of development of the Philippine financial market. First, it provides a brief historical analysis of the financial system. It then develops an aggregative intermediation model and applies it to the Philippine stock market. It also discusses money...