Rogelio Mercado, Senior Economist at the SEACEN Centre, has published a paper entitled: “Are Capital Inflows Expansionary or Contractionary in the Philippines” at the Journal of Asian Economics. A working paper version was released as SEACEN WP27/2017. Click to read more.
The paper shows the following:
• Both bonds and non-bond capital inflows are expansionary to output and credit growth in the Philippines;
• For bond inflows, a positive impact was found for the short term while no effect was evident for the long term;
• For non-bond inflows, the short-term impact on output and credit was significantly greater, but this was followed in the medium term by a negative impact on output.
The SEACEN Centre at the Bangkok Economic Festival 2026
The SEACEN Centre is proud to partner with the Reinventing Bretton Woods Committee on side events at the Bangkok Economic Festival 2026 (12–16 October, Valia Hotel, Bangkok). The Centre’s contribution
