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Financial Liberalization and Interest Rate Determination: The Case of the Philippines, 1981-1985

Author

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  • Gochoco, Maria Socorro H.

Abstract

How are interest rates determined in an open economy after financial liberalization has taken place? This is the main question that this paper attempts to answer. Utilizing a model adopted from Edwards and Khan, the author explains how interest rates are determined by both domestic monetary conditions and external factors once the financial sector is liberalized.

Suggested Citation

  • Gochoco, Maria Socorro H., 1989. "Financial Liberalization and Interest Rate Determination: The Case of the Philippines, 1981-1985," Working Papers WP 1989-06, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:wpaper:wp_1989-06
    as

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    File URL: https://www.pids.gov.ph/publication/working-papers/financial-liberalization-and-interest-rate-determination-the-case-of-the-philippines-1981-1985
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