To evaluate the effectiveness of approaches to improve policies toward the development of small and medium enterprises, this article assesses the efficiency of directed credit programs and the impact of a liberalized design of a specific project.

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...

To evaluate the effectiveness of approaches to improve policies toward the development of small and medium enterprises, this article assesses the efficiency of directed credit programs and the impact of a liberalized design of a specific project.

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...

Credit is important because economic agents in the agriculture sector who are constrained by liquidity problems may produce sub-optimal outputs. This paper reviews the past and present Philippine agricultural credit and banking policies. It identifies the principal issues in rural credit markets...

There is a good reason to justify the support for small and microenterprise development. At this point, what is more important is the formulation of research agenda that will facilitate the introduction of new insights into the sector’s development. This paper provides a background to the...

This paper reviews the monetary and credit policies that directly or indirectly bear on the rise and fall of informal credit markets. It also describes the responses of the formal financial sector to the challenges of the informal sector and/or the opportunities in the financial markets.

This paper has reviewed existing policies and programs to encourage banks to expand their financial services to micro, small- and medium-sized enterprises (MicSMEs) and poor households. The overall policy environment for promoting microfinance in the Philippines has indeed considerably improved...

This paper integrates the major results of the various studies on urban informal credit markets (ICMs). While the terms of references cover a wide range of topics, the peculiar characteristics of the Philippine financial system and the limited budget for the study preclude the study from...

Do guarantee programs lead to additionality in agricultural lending? Do guarantee programs contribute to small loans? Do guarantee programs encourage banks to use their own funds? Do guarantee programs reduce the cost of lending to banks and how cost effective are the guarantee programs? These...