Dr. Fernando T. Aldaba This is Me

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1. 1. www.coase.org

   www.coase.org/2008philippinesp - [Cached]

   Published on: 3/9/2008   Last Visited: 7/26/2008

   Fernando Aldaba (Ateneo de Manila University)

2. 2. www.sunstar.com.ph

   www.sunstar.com.ph/static/man/ - [Cached]

   Published on: 7/6/2007   Last Visited: 7/6/2007

   Dr. Fernando Aldaba, chairman of the economics department of the Ateneo de Manila University, and head of the PES organizing committee, is also issuing a call for papers to be read at the meeting.

3. 3. www.ofwjournalism.net

   www.ofwjournalism.net/previous - [Cached]

   Published on: 11/29/2007   Last Visited: 3/31/2008

   Economist Fernando Aldaba told the OFW Journalism Consortium "the numbers, especially an uptick in exports, support sentiments" that remittances could help avert a crisis that this time, analysts like him say, could come from a slowdown in the United States economy.
   
   "I would agree that factors for another Asian crisis are not present or, if there are, the countries in the region have wizened up," Aldaba, who teaches economics at the Ateneo de Manila University, said in a phone interview.
   
   However, Aldaba said that he wouldn't single out remittances from Filipinos working temporarily or permanently abroad as a single instrument that could help avert another crisis.
   
   "The 1997 crisis was marked with capital flight, and even at that time the shock to the Philippines was relatively less compared to Thailand since our money was no longer pegged to the dollar," he explained.
   
   Still, awash with cash from remittances, the Philippines could have the elbow room to maneuver, Aldaba said."Remittances could mitigate the impact of a crisis that would engulf the region if the economic slowdown in the US hit," he added.
   
   Likewise, Aldaba said, the right fiscal and monetary policies would still be the main weapons that the country could wield considering that the economy and the market is relatively small.
   
   With the right mix of reining in inflation and control of money supply, he explained, the Philippine economy may weather shocks from a US economic slowdown even with a decline in remittances.
   
   He added that he doesn't see the latter from occurring since he believes the flow of money from Filipinos overseas hasn't reached its peak despite the strengthening of the peso against the greenback.
   
   "The outflow of workers hasn't declined so unless that occurs, we may see a plateau in remittances before it decreases.But the decline wouldn't happen in the next five years," Aldaba said.