The peso appreciation and the sustainability of Philippine growth need we worry?

The rapid appreciation of the Philippine peso and the resulting loss of competitiveness militate against long-term “balanced and sustainable growth”. A review of history shows that fighting inflation with appreciation of currency “seeds” a financial storm. In contrast, the undervaluation of the dome...

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Bibliographic Details

Published in:	Philippine Review of Economics Vol. XLVIII, no. 1 (Jun. 2011), 1-12
Main Author:	Fabella, Gabriel F.
Resource Type:	Article
Language:	English
Published:	2011
Subjects:	Economic development > 1990- Currency question Environmental policy Foreign exchange rates Devaluation of currency Monetary policy