Transcription of The Philippine Financial System and the Debt Crisis
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The Philippine Financial System and the Debt Crisis
This PDF is a selection from an out-of-print volume from the National Bureauof Economic ResearchVolume Title: Developing Country debt and Economic Performance, Volume3: Country Studies - Indonesia, Korea, Philippines, TurkeyVolume Author/Editor: Jeffrey D. Sachs and Susan M. Collins, editorsVolume Publisher: University of Chicago PressVolume ISBN: 0-226-30455-8 Volume URL: Date: September 21-23, 1987 Publication Date: 1989 Chapter Title: The Philippine Financial System and the debt CrisisChapter Author: Robert S. Dohner, Ponciano Intal, URL: pages in book: (p.)
high proportion of short-term lending. Although medium- and long-term lending increased significantly during the 1970s, loans of one year or less maturity still accounted for almost 80 percent of commercial bank loans in 1980.4 In addition to commercial banks, there are several categories of banks
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