Arbeitspapier
The peso appreciation and monetary-fiscal coordination
The Philippine peso appreciation has been creating serious problems for the economy because of the high degree of unemployment and poverty incidence in the country. More specifically, it threatens contraction of the export sector through loss of competitiveness. The paper tracks the exchange rate experience of the Philippines with four other East Asian neighbors and finds that the Philippine appreciation is most severe. The paper asserts that exchange rate policy is a matter of policy discretion even under the regime of market-based exchange rates. Options for monetary policy in curtailing domestic liquidity are discussed. Finally, the options for improved coordination of monetary and fiscal policy are suggested.
- Sprache
-
Englisch
- Erschienen in
-
Series: UPSE Discussion Paper ; No. 2012-15
- Klassifikation
-
Wirtschaft
- Thema
-
Philippine peso exchange rate
exchange rate appreciation
monetary policy
fiscal policy
Philippine economic development
Wechselkurs
Währung
Aufwertung
Finanzpolitik
Wirkungsanalyse
Philippinen
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sicat, Gerardo P.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of the Philippines, School of Economics (UPSE)
- (wo)
-
Quezon City
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Sicat, Gerardo P.
- University of the Philippines, School of Economics (UPSE)
Entstanden
- 2012
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