Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund.
|
|---|
| ISBN: | 1280884673
9781280884672
1451886357
9781451886351
9781451886351
9781451831443
1451831447
|
|---|
| ISSN: | 2227-8907
|
|---|
| Notes: | Includes bibliographical references.
|
|---|
| Summary: | 1. The global financial turmoil has impacted most emerging market countries, including the Philippines. Spillovers were particularly prominent for countries with financial systems with high foreign bank participation, large exposures to ailing global financial institutions and structured products, and high external liabilities, including through wholesale funding. Fortunately, none of these characteristics were salient in the case of the Philippines. However, the Philippine financial system is exposed to both external and domestic channels of risk. This chapter tries to identify the main channels of risk and discuss policies to counter any further fallout from the global financial crisis.
|
|---|
| Other form: | Print Version: 9781451886351
|
|---|
| Standard no.: | 10.5089/9781451886351.002
|
|---|
