Utilizing time-wise autoregressive model to investigate the perception of the international community on the Philippines, which has suffered from debt crisis in 1982, indicates that banker’s creditworthiness assessments are sensitive not only from liquidity and solvency but also from long-term...

This article is part of the seminar-workshop on the “Consequences of Small Farm Mechanization on Production, Employment and Incomes in the Philippines” sponsored jointly by the Ministry of Agriculture, the National Economic and Development Authority, the Philippine Institute for Development...

Despite deregulation of the financial markets such as liberalization of foreign bank entry and branching, the government continues to directly intervene in the credit markets through several special credit programs. In the effort to restructure the economy, the government has availed the...

This article analyzes how a credit guarantee confers private benefits to creditors and proposes reform policies and related assessment measures in order to make credit guarantee a socially beneficial intermediation instrument. Analysis indicates that the necessary and sufficient conditions for...

Credit provision for small and poor households has always been the major element of nongovernment organizations in alleviating poverty. Recently, there has been a move to replicate the Bangladesh Grameen Bank in the Philippines known as Landless People’s Development Fund. This paper assesses...

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...

In its attempt to contribute to the understanding of the behavior of one segment of the cooperative movement, this paper analyzes the performance of the cooperative credit union (CCU) system in rural areas. While CCU is the most successful of all types of cooperatives, its role in the financial...

The agrarian reform program represents an important innovation that will alter the landscape of the rural sector. While the focus of literature on interlinked markets has been on tenancy cum credit contracts, the literature on different types of interlinked contracts has been wanting. This...

This paper integrates the major results of the various studies on urban informal credit markets (ICMs). While the terms of references cover a wide range of topics, the peculiar characteristics of the Philippine financial system and the limited budget for the study preclude the study from...

This paper reviews the monetary and credit policies that directly or indirectly bear on the rise and fall of informal credit markets. It also describes the responses of the formal financial sector to the challenges of the informal sector and/or the opportunities in the financial markets.