This article has been delivered during the Central Bank Diamond Jubilee celebration on November 21,1988. It reviews the issues of Philippine structural adjustments with a focus on the identification of elements in the past Philippine efforts that appear to be critical in the future adjustment...

This paper investigates the most recent Philippine balance of payments crisis that has started in October 1983. A lengthy discussion is made on the main macroeconometric features of the economy with a follow-up account on the adjustment programs implemented from 1983-1985. An assessment of the...