The rapid economic expansion experienced by the ASEAN region has been dampened by the onset of economic crisis. In the Philippines, the crisis has been aggravated by the problems of El Niño and La Niña. This paper looks into the environmental impacts of economic cycles and the current economic...

The rapid economic expansion experienced by the ASEAN region has been dampened by the onset of economic crisis. In the Philippines, the crisis has been aggravated by the problems of El Niño and La Niña. This paper looks into the environmental impacts of economic cycles and the current economic...

This paper attempts to examine the performances of Asian AMCs. Our analysis reveals that the AMCs vary significantly in their design and performances. We claim that AMCs can trigger moral hazard-inspired bank lending, especially when the mode of NPL transfer from banks to AMC entails little cost...

This paper reviews the arguments for and against the imposition of capital controls in the Philippines and discusses the liberalization process undertaken by the authorities since the 1980s. The view espoused by this paper is that there is no need to impose selective capital control in the...

This paper discusses the performance of the Philippine economy as it recovers from the Asian financial crisis and the challenges the country faces in sustaining the recovery and propelling the economy to a higher growth path. The economy has some strengths such as relatively healthy financial...

This paper looks at the contagion effects of the Asian crisis on the Philippine economy, the policy responses, and their social implications. In particular, the paper discusses the role of the financial sector in the evolution of the crisis. In Section II, the recent performance of the...

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...

This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that the AMCs vary significantly in their design and performances. The authors claim that AMCs can trigger moral hazard-inspired bank lending, especially when the mode of transfer of...

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...

Asia is not only the most polluted and environmentally degraded region in the world, but it also houses the most number of poor households. Hence, the magnitude of the financial and economic crisis can be expected to have an impact in the region’s sustainable development prospects, the nature...