This paper discusses financial reform and development in the Philippines during the past one and a half decades and the challenges facing the financial sector in the light of greater international financial integration. Issues on prudential regulation and how it can be improved and strengthened...

To evaluate the effectiveness of approaches to improve policies toward the development of small and medium enterprises, this article assesses the efficiency of directed credit programs and the impact of a liberalized design of a specific project.

The monetary approach to the balance of payments (BOP) takes the view that domestic credit is exogenous to BOP and that it is deteriorated by the excess money, which results from domestic credit expansion. This article determines whether in fact the assertion is true. Utilizing the method...

This paper reports the empirical results of an attempt to develop a statistical classification system for rural banks using common financial ratios as predictor variables. Though it provides a formal and fast way to classify banks, the classical techniques utilized in this paper should not be...

One of the issues contending the rural borrowers, who are composed of small entrepreneurs, fishermen and farmers, is the access to financial services of formal financial institutions. With this fact on hand, this article discusses the issue within the framework of asymmetry of information...

To forecast the Philippine money multiplier, this article utilizes Box-Jenkins Technique that suggests the use of simple autoregressive intermediate moving average (ARIMA) process. Estimation results are discussed in reference to its implications in the future forecast of money multiplier.

When poor households face catastrophic events, they do not have any means for risk protection. Access to formal risk protection schemes such as insurance may be a more effective means to minimize the poor households' losses but traditional mainstream insurance has bypassed informal workers and...

Despite the government’s credit program approach, access of poor households to microfinancial services has remained limited. This paper explains the microfinance policy environment in the Philippines and evaluates the institutional and financial capacity/performance constraints of MFIs. This...

When poor households face catastrophic events, they do not have any means for risk protection. Access to formal risk protection schemes such as insurance may be a more effective means to minimize the poor households' losses but traditional mainstream insurance has bypassed informal workers and...

The monetary approach to the balance of payments (BOP) takes the view that domestic credit is exogenous to BOP and that it is deteriorated by the excess money, which results from domestic credit expansion. This article determines whether in fact the assertion is true. Utilizing the method...