Showing 1 - 10 of 150
This paper analyzes the nonfinancial corporation (NFC) sector's financial balance sheets using data available from the OECD. In our sample of 20 advanced economies, corporate debt in percent of GDP-a frequently used indicator in the context of corporate balance sheet adjustments-has remained...
Persistent link: https://www.econbiz.de/10012996072
the Philippines. Cross-country correlations among currencies and sovereign spreads are found to increase significantly …
Persistent link: https://www.econbiz.de/10013212114
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 …
Persistent link: https://www.econbiz.de/10013102279
This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The major objective is to explain developments in the distribution of national income and...
Persistent link: https://www.econbiz.de/10012781973
the Philippines. Our model shows that the impact of extremely rare typhoons on GDP could already be systemic and worsen …, partly thanks to the strength of Philippines’ banks and economy before the COVID crisis. However, more work is needed before …
Persistent link: https://www.econbiz.de/10013492150
We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based packages Dynare and Gensys. Our method redefines a subset of expectational errors as new...
Persistent link: https://www.econbiz.de/10013073782
This paper aims to promote harmonization between macroeconomic statistics guidelines and accounting standards. It first highlights recent development that act as drivers to the harmonization of the two systems. It then compares the two systems and reviews approaches aimed at further...
Persistent link: https://www.econbiz.de/10012783041
There are two approaches for producing volume estimates of GDP, fixed base year and annual chaining. While most advanced economies have adopted the chain-linked approach in the past twenty years, some African countries are hesitant to do so, in part because of the computation and data...
Persistent link: https://www.econbiz.de/10012977838
Statistical offices have often recourse to benchmarking methods for compiling quarterly national accounts (QNA). Benchmarking methods employ quarterly indicator series (i) to distribute annual, more reliable series of national accounts and (ii) to extrapolate the most recent quarters not yet...
Persistent link: https://www.econbiz.de/10013098634
Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In this process, little attention was paid to the potential spillover of excess...
Persistent link: https://www.econbiz.de/10013102270