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...
| Published in: | Philippine Review of Economics Vol. XLVIII, no. 1 (Jun. 2011), 1-12 |
|---|---|
| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
2011
|
| Subjects: |