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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/