dc.contributor.author | Power, J.H. | |
dc.coverage.spatial | Philippines | en_GB |
dc.date.accessioned | 2014-02-13T16:24:26Z | |
dc.date.available | 2014-02-13T16:24:26Z | |
dc.date.issued | 1983 | |
dc.identifier.uri | https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/3488 | |
dc.description.abstract | Korea and the Philippines today are among the East Asian countrie_
most heavily burdened with external debt. This is a result, of course,
of heavy borrowing to finance current account defici=s it, the 1970's.
How Co account for these deficits ar_i an analysis of the two countries'
re_pon_es and their consequences is the subject of thi_ paper.
Taking balance of payments crisis to mean a sharp rise in the
current account deficit, financed by running down foreign exchange
reserves or external borrowing, two period_ of crisis have been identified
for both countries, 1974-7-I and 1979-82. While the focus is on theme
periods the analysis is put in the perspective also of the trends of
the preceding decade. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | Philippine Institute for Development Studies | en_GB |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/ | en_GB |
dc.subject | Finance | en_GB |
dc.subject | Governance | en_GB |
dc.title | Response to balance of payments crises in the 1970s : Korea and the Philippines | en_GB |
dc.type | Series paper (non-IDS) | en_GB |
dc.rights.holder | Philippine Institute for Development Studies | en_GB |
dc.identifier.externaluri | http://www.pids.gov.ph/publications.php | en_GB |