Recognition of a continuous improvement in the formal financial system is necessary for economic growth. Over the years, the government has been infusing cheap funds into the rural sector. Unfortunately, it overlooks a number of serious issues regarding bank’s transaction costs. This article...

Monetary policies refer to the actions of central banks aimed to achieve macroeconomic stability and to influence financial factors such as money and interest rate. This paper discusses the framework for analyzing how monetary instruments affect monetary targets and the advantages and...

Early 1980s has seen series of reforms in the Philippine financial system having improved financial intermediation as the general objective. This paper reviews the pace and effectiveness of the reforms implemented by the government. Findings show that economic instability and the ineffective...

This article analyzes the capacity of LGUs to issue securities under the regulatory framework offered by PD 752 and the 1991 LGC. A qualitative analysis of the regulations and requirements of the securities market has been performed. This is extended to a case study of bond issued by the Cebu...

The 1991 Local Government has initiated comprehensive changes in Philippine public administration such as decentralization and greater local autonomy. However, the macroeconomic picture has been characterized by volatile inflation, foreign exchange and interest rate. Against this backdrop, this...

This paper reports the empirical results of an attempt to develop a statistical classification system for rural banks using common financial ratios as predictor variables. Though it provides a formal and fast way to classify banks, the classical techniques utilized in this paper should not be...

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...

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...

This paper attempts to describe and analyze the extent of problems in the Philippine financial system, their causes, regulatory and supervisory responses to such problems and the incidence of the costs of bank failures. These are all in the hope of providing lessons that are useful in...

While the ASEAN has achieved peace and stability in the region, it has nothing significant to boast about its economic achievements. This study examines the ASEAN financial cooperative efforts and their implications for improving intra-ASEAN trade and investment. The Philippine perspective is...