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FACULTYCONFERENCE PAPER2018

The Great Financial Crisis and How the Philippines Got Away From It

Aris C. Zoleta

Chartered Institute for Securities & Investment

ABSTRACT

Documents why the Philippines escaped the worst of the 2008 crisis through neither financial nor trade linkage, unlike other emerging economies that saw output fall, unemployment rise and capital inflows slow — an account of contagion and transmission that the trade- and welfare-focused literature leaves unexplained.

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Aris C. Zoleta (2018). The Great Financial Crisis and How the Philippines Got Away From It. Chartered Institute for Securities & Investment. https://sanbedaeconomicssociety.org/papers/gfc-philippines-extended-abstract/

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