Seemingly common-sense taxation approaches raise issues of equity, tax administration, and unintended economic consequences.

This study explains why financial services have for centuries been regulated to a greater extent than are most products that do not directly affect people's health or safety.

This studyprovides a unique framework for analyzing the role of the GATS and the WTO in the liberalization and regulation of the financial services sector.

In his new book, Peter Wallison argues the Dodd-Frank Act was the result of a false narrative about the 2008 financial crisis, blaming the crisis on the private sectors when in fact it was caused by the US government’s housing policies. This was not harmless error; the act will suppress...

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.

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...

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 booktraces the origins of GSEs, contrasts investor-owned and cooperative GSEs, and examines such issues as activities and the quality of oversight.