Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy … suggests that interest margins in the Philippines rise with bank size, bank capitalization, foreign ownership, overhead costs … reduce net interest margins, informing the policy debate on strengthening financial intermediation in the Philippines …

Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and in terms of … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …

Public sector revenue has declined markedly in the Philippines over the past seven years. Most observers of the …

model to a firm-level data from the World Bank Enterprise Survey for six countries at varying degrees of economic … Philippines, and Egypt). The results suggest that alleviating different financial frictions have a differential impact across …

the Philippines. Cross-country correlations among currencies and sovereign spreads are found to increase significantly …

This paper explores the macroeconomic effects of improving public infrastructure in the Philippines. After benchmarking … the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and …