IDEAS home Printed from https://ideas.repec.org/p/phs/dpaper/198915.html
   My bibliography  Save this paper

Bank Concentration and the Structure of Interest

Author

Listed:
  • Edita A. Tan

Abstract

The Philippine financial system has failed to develop over the last three decades. M3/GNP ratio has not risen but has merely fluctuated around 22-25 percent. Wrong policies are blamed for the poor performance of the system. The current interest rate structure shows extremely wide differentials between saving and time deposit rates and between saving deposit and loan rates. The paper tries to explain these by the policies adopted by the Central Bank, especially those restricting bank entry and imposing high intermediation taxes. The paper analyzes how the policies effectively repress intermediation activities and result in high profits and intermediation cost. The effects of the current policies are compared to the effects of the more traditional forms of repression followed earlier, i.e., 1960 to 1980.

Suggested Citation

  • Edita A. Tan, 1989. "Bank Concentration and the Structure of Interest," UP School of Economics Discussion Papers 198915, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:198915
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gloria Pasadilla & Melanie Milo, 2005. "Effect of Liberalization on Banking Competition," Development Economics Working Papers 22676, East Asian Bureau of Economic Research.
    2. Manasan, Rosario G., 2000. "Public Sector Governance and the Medium-Term National Action Agenda for Productivity (MNAAP)," Discussion Papers DP 2000-24, Philippine Institute for Development Studies.
    3. Milo, Melanie S., 1999. "Contagion Effects of the Asian Crisis, Policy Responses and Their Implications," Discussion Papers DP 1999-32, Philippine Institute for Development Studies.
    4. Llanto, Gilberto M. & Intal, Ponciano Jr. S., 1998. "Financial Reform and Development in the Philippines, 1980-1997: Imperatives, Performance and Challenges," Discussion Papers DP 1998-02, Philippine Institute for Development Studies.
    5. repec:phd:pjdevt:jpd_1999_vol__xxvi_no_2-c is not listed on IDEAS

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phs:dpaper:198915. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RT Campos (email available below). General contact details of provider: https://edirc.repec.org/data/seupdph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.