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“Liberalize Pa More?”: Analyzing the Impact of Further Easing Foreign Exchange Rules on the Philippine Economy

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By John Rennie Verified, Jodeth Nia, Je-Al S, Marie Edelweiss G
| gov.ph
BSP DP 2024-05 2024 This paper constructs a foreign exchange (FX) liberalization index and examines its impact on domestic economic growth in the Philippines from 2006 to 2022. Using the Generalized Method of Moments approach, our findings imply that, in general, the liberalization of FX regulations has helped mobilize resources to finance the requirements of the domestic economy.
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