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What is Financial Market Development in the Philippines about?

This document discusses financial market development in the Philippines and its interaction with monetary policy and financial stability. It notes that while financial markets in the Philippines have developed significantly since the Asian Financial Crisis, the system remains bank-centric. Financial liberalization and reforms have improved stability, efficiency, depth and accessibility. However, financial depth indicators like M3-to-GDP and private credit-to-GDP remain lower than neighboring countries. Fina

Author

lei dc

Language

EN