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1969 Philippine balance of payments crisis
 | This article needs attention from an expert in economics. The specific problem is: technical/economic details of the currency crisis may need to be explained by a person who knows economics. (July 2021) |
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The 1969 Philippine balance of payments crisis was a currency crisis experienced by the Philippine economy as a result of heavy government spending linked to Ferdinand Marcos' campaign for his second presidential term in 1969.[1][2][3] It was notable for being the first major economic crisis of the Marcos Administration, and for triggering the social unrest which was the rationalization for the proclamation of martial law in 1972.[3][4][5]
- ^ Balbosa, Joven Zamoras (1992). "IMF Stabilization Program and Economic Growth: The Case of the Philippines" (PDF). Journal of Philippine Development. XIX (35). Archived from the original (PDF) on 2021-09-21. Retrieved 2021-07-02.
- ^ Cororaton, Cesar B. "Exchange Rate Movements in the Philippines". DPIDS Discussion Paper Series 97-05: 3, 19.
- ^ a b Diola, Camille. "Debt, deprivation and spoils of dictatorship | 31 years of amnesia". The Philippine Star. Archived from the original on 26 June 2017. Retrieved 2 May 2018.
- ^ Balisacan, A. M.; Hill, Hal (2003). The Philippine Economy: Development, Policies, and Challenges. Oxford University Press. ISBN 9780195158984.
- ^ Dohner, Robert; Intal, Ponciano (1989). "Debt Crisis and Adjustment in the Philippines". In Sachs, Jeffrey D. (ed.). Developing country debt and the world economy. Chicago: University of Chicago Press. ISBN 0226733386. OCLC 18351577.
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