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The fiscal health of the Philippines has improved significantly over the past decade. Notwithstanding the dividends … from reforms, challenges remain for the Philippines on the fiscal side. Policy coordination, primarily through the …
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outbreak in the Philippines. Borrowings of the national government from the monetary authority and from domestic and …
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We argue that current sovereign debt management lacks important incentives for governments and politicians to fulfill it in a sustainable and long-term orientated way. This paper outlines that the mechanisms to solve sovereign debt problems within the EMU are not only missing the right...
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