This article attempts to study the Philippine experience with financial liberalization. In particular, it examines the impact of interest rate reforms on the flow of loanable funds in the organized financial market.

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...

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...

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...

Against the backdrop of rural financial markets, this article documents and describes Philippine rural deposit mobilization in view of the recent government attempts to reduce the urban bias of financial developments. It also examines the factors in rural economy that can contribute to the...

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...

This paper looks at the issue of reforming financial regulatory structures from the New Institutional Economics perspective. In particular, it examines how the broader institutional environment prevailing in developing countries like the Philippines may affect the institutional arrangements for...

Analysis of the performance of rural, private commercial and private development banks indicates that while private commercial banks has done intensive savings mobilization drive outside NCR, the performance of these three financial institutions depend on their operating policy framework and the...

Starting from early 1960s to late 1970s, this study conducts a survey of the literature dealing with Philippine monetary policy and related aspects of the financial market. In doing so, several important research problems are noted. Hence, this study is able to aid researchers, planners and...

In its attempt to examine the transaction cost of banks, this study develops a method of estimating transaction cost for each bank activity. It also explains the differences and the composition cost among commercial private development and rural banks. Results in this paper is hoped to improve...