We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Untimely austerity

19 March 2013 By Andy Mukherjee

Manila is on a low-debt diet as it pursues an investment-grade sovereign rating. But with foreign money pouring in, the government needs to sell more bonds to mop up excess liquidity. Mistimed austerity creates the risk of mispriced bank credit and asset bubbles.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)