{"product_id":"9781455268962","title":"Exchange Rate Policy and Monetary Strategy Options in the Philippines - The Search for Stability and Sustainability","description":"This paper evaluates the Philippines’ experience with different exchange regimes since 1970. It argues that the shift to a flexible regime was crucial to restoring external viability and generating an export-led economic take-off, but that mixed performance in meeting money targets and asymmetric policy reactions to exchange rate pressures have resulted in an uneven inflation performance. Since adoption of a firm nominal anchor for monetary policy would contribute to a more effective control of inflation and thereby to better prospects for sustained growth, the merits of three monetary strategy options are reviewed: stricter adherence to a money supply rule, adoption of an exchange rate peg, and a switch to direct inflation targeting.","brand":"INTERNATIONAL MONETARY FUND","offers":[{"title":"Default Title","offer_id":47128809046256,"sku":"9781455268962","price":5.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781455268962_p0.jpg?v=1763856122","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781455268962","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}