반복영역 건너뛰기
지역메뉴 바로가기
주메뉴 바로가기
본문 바로가기

연구정보

[정책] “Liberalize Pa More?”, Analyzing the Impact of Further Easing Foreign Exchange Rules on the Philippine Economy

필리핀 국외연구자료 연구보고서 - Socioeconomic Research Portal for the Philippines 발간일 : 2024-04-01 등록일 : 2024-04-11 원문링크

This paper constructs a foreign exchange (FX) liberalization index and examines its impact on domestic economic growth in the Philippines from 2006 to 2022. Using the Generalized Method of Moments approach, our findings imply that, in general, the liberalization of FX regulations has helped mobilize resources to finance the requirements of the domestic economy. In particular, the further opening of the country’s financial accounts led to greater FX transactions, specifically portfolio inflows. In turn, monetary and financial markets, notably the stock market, have expanded since 2007. These positive and significant effects to growth also suggest that the easing of FX rules have underscored the importance of greater openness as essential component of macroeconomic policy.

본 페이지에 등재된 자료는 운영기관(KIEP)EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.

목록