Volume 14, Number 2

Domestic Credit and the Balance of Payments: Some Empirical Results

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JPD 1987 Vol. XIV No. 2-a
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Abstract

The monetary approach to the balance of payments (BOP) takes the view that domestic credit is exogenous to BOP and that it is deteriorated by the excess money, which results from domestic credit expansion. This article determines whether in fact the assertion is true. Utilizing the method developed by Grange and Sims, evidence lends validity to the hypothesis.

Citations

  1. Aldaba, Fernando T.. 2002. Philippine development: A research journey through the Philippine Journal of Development. Philippine Journal of Development PJD, 29. Philippine Institute for Development Studies.
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1987-10-01
Volume 14, Number 2
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June 1, 1987
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The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics. 

P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd