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.
New Blog Post!
We are pleased to announce the latest post on the SUARA SEACEN Blog by Dr Srichander Ramaswamy, Director of the Financial Stability, Supervision, and Payments Pillar at the Centre. Role
