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Exchange Rate Movements in the Philippines

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  • Cororaton, Caesar B.

Abstract

Major exchange rate adjustments have been seriously resisted by various groups due to their association of its occurrence during periods of severe economic crisis. Hence, exchange rate policy has not been utilized as part of development strategy but as a reactionary tool during periods of economic crunch and instability. Analysis indicates aggressive implementation of coordinated monetary and fiscal policies to combat the adverse effects of inflows. Real exchange rate appreciation translates to a lower competitive advantage of industries previously enjoying head start.

Suggested Citation

  • Cororaton, Caesar B., 1997. "Exchange Rate Movements in the Philippines," Discussion Papers DP 1997-05, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_1997-05
    as

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    File URL: https://www.pids.gov.ph/publication/discussion-papers/exchange-rate-movements-in-the-philippines
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    References listed on IDEAS

    as
    1. Guillermo A. Calvo & Leonardo Leiderman & Carmen M. Reinhart, 1994. "The Capital Inflows Problem: Concepts And Issues," Contemporary Economic Policy, Western Economic Association International, vol. 12(3), pages 54-66, July.
    2. Lim, Joseph Y., 1992. "A Study on Philippine Exchange Rate Policies," Working Papers WP 1992-09, Philippine Institute for Development Studies.
    3. repec:phd:pjdevt:jpd_1995_vol__xxii_no__1-b is not listed on IDEAS
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