01647cas a2200241 a 4500 AALejournalIMF004222 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451831375 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Philippines : Selected Issues. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (54 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 Selected Issues paper on the Philippines reviews the diminished volatility of the Republic of Philippines bonds (RoPs), even through a period of extended turbulence cannot be attributed solely to the sanguine global factors currently prevailing across all credit markets. Considerable fiscal gains have already been achieved following the introduction of these reforms. The estimated magnitude of second-round effects for the Philippines is likely an upper bound, as greater competition, ongoing fiscal consolidation, and enhanced monetary policy credibility will likely reduce the scope for second-round effects over time. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/181 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/181/002.2006.issue-181-en.xml IMF e-Library