Browsing by Author "Solon, Orville C."
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Item Restricted Active and passive targetting schemes and their impact on the utilization of maternal health care services among women in urban poor communities(2003-04) Ferrer, Alice Joan G.; Solon, Orville C.Item Restricted An essay on the economics of psychological entitlement in the workplace(2022-08) Vasquez, Glacier NiƱo A.; Solon, Orville C.Item Restricted Pre-setting, technology choice, and optimal social insurance design in health care markets(2000-04) Alabastro-Quimbo Stella F.; Solon, Orville C.Item Restricted The economics of physician fee setting: a theoretical and empirical analysis(1997-02) Kraft, Aleli D.; Solon, Orville C.Item Restricted The impact of interest rates on Philippine stock market(2001-03) Patalinghug, Jason Albert C.; Solon, Orville C.Empirical studies on the relationship between interest rates and Philippine stock market are rare. This study investigates the influence of interest rates on Philippine stock market. The impact of foreign interest rates on Philippine stock market is examined by regressing separately changes in U.S. discount rate, Federal Funds rate, U.S. prime rate, and LIBOR on changes in Philippine stock market index. The impact of domestic interest rates on Philippine stock market is analyzed by regressing individually the change in the savings deposit rate, Treasury bill rate, and time deposit rate on the change in Philippine stock market index during the 1994-2000 period. The estimates indicate that U.S. discount rate and Federal Funds rate do not affect Philippine stock market. But U.S. prime rate affects Philippine stock market. Among domestic interest rates, only savings deposit rates affect Philippine stock market. However, most of the evidence supports the hypothesis that the Philippine stock market is efficient in the semistrong form.