Utilizing time-wise autoregressive model to investigate the perception of the international community on the Philippines, which has suffered from debt crisis in 1982, indicates that banker’s creditworthiness assessments are sensitive not only from liquidity and solvency but also from long-term...

Despite deregulation of the financial markets such as liberalization of foreign bank entry and branching, the government continues to directly intervene in the credit markets through several special credit programs. In the effort to restructure the economy, the government has availed the...

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...

Rural agents engage in interlocking market transactions to minimize costs due to underdevelopment of rural markets. This study aims to model the economic behavior of agents in a credit-output market. Results indicate the prevalence of high interest rates in developed areas. Where income is low,...

In the nonperformance of the formal financial sector to cater to the needs of some groups, informal measures have been its substitute. The informal credit system becomes a vital channel of credit to small and poor borrowers and in the mobilization of rural savings through innovative mechanisms....

This article is a review attempting to provide the background for a more detailed and rigorous examination, both theoretical and empirical, of the agrarian reform and interlinking issues. It deals largely on market interlinking and credit services, land market and credit interlocking. A welfare...

This paper is an edited and expanded version of PIDS Staff Paper 87-02. It provides a number of facts and observations regarding agricultural credit, the main source of which is the ongoing program to rehabilitate the rural banks, to re-orient the concept of supervised credit and the creation of...

The role of informal credit markets in the promotion of new technology has become significant given the shortcomings of the formal credit sector. This paper examines the impact of technical change on the structure of informal credit markets in the Philippine rice and corn sectors. It also...

Several studies have shown that land reform has a positive impact on rice and corn productivity. However, the same cannot be said in sugar and coconut areas. This paper attempts to verify the effect of the implementation of CARP on the productivity of sugar and coconut farms. To answer the...

In its attempt to contribute to the understanding of the behavior of one segment of the cooperative movement, this paper analyzes the performance of the cooperative credit union (CCU) system in rural areas. While CCU is the most successful of all types of cooperatives, its role in the financial...