Banks in the Asian economies most affected by the Asian financial crisis generally continue to enjoy comfortable liquidity in the international interbank market. The apparent international illiquidity of banks in Korea is concentrated in foreign banks. Foreign banks' offshore funding of local...

We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...

High market concentration in the Philippine domestic shipping industry has always been a subject of concern among policymakers and researchers. While many reforms aimed at improving the level of competition in the industry have been implemented since the 1990s, studies show that domestic...

Which children benefit from conditional cash transfers (CCT)? Using a sample of poor and near-poor households in the Philippines, we show that children in households that receive cash transfers from 4Ps, the country's flagship anti-poverty program, have parents with relatively low educational...

While the COVID-19 pandemic's effects on the Philippine economy have been widely chronicled, there has not been an effort at an ex-post quantification of the pandemic's impacts using counterfactual analysis. This paper aims to fill this gap. Using a modified version of the PIDS small...

Land use misgovernance in the Philippines arise due to the non-institutionalization of a national level framework for land use and the lack of harmonization of sector-specific laws on land resources. But the effort to push for a National Land Use Act (NaLUA) is almost three decades old already...