01617cas a2200241 a 4500 AALejournalIMF000839 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451831252 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Philippines : Background Papers. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (72 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Background Paper analyzes the Philippines's experience with capital inflows. It compares the episode of 1993-95 with the pre-debt crisis period, and makes the case that the recent inflows are in important respects more benevolent than in the past. The paper concludes that inflows are consistent with a balanced and sustainable revival in the Philippines economy, and indeed are most likely contributing to recovery. This paper also examines financial reintermediation and new challenges to monetary policy. Requirements and plans for the fiscal reform in the medium term are also described. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1995/114 Full text available on IMF http://elibrary.imf.org/view/journals/002/1995/114/002.1995.issue-114-en.xml IMF e-Library