Exchange Rate Policy and Monetary Strategy Options in the Philippines : The Search for Stability and Sustainability »
Series: IMF Policy Discussion Papers
Author(s): Aerdt Houben
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 1997
Keywords: Exchange rate policy, Exchange rate regimes, Monetary policy, Philippines, exchange rate, central bank, nominal anchor
This paper evaluates the Philippines' experience with different exchange regimes since 1970. It argues that the shift to a flexible regime was crucial to restoring external viability and generating an export-led ec...