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 Òbalanced and sustainable growthÓ. A review of history shows that fighting inflation with appreciation of currency ÒseedsÓ a financial storm. In contrast, the undervaluation of the dome...
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| フォーマット: | Analytics |
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