Added Title

DLSU-AKI Working Paper Series 2015-18

College

School of Economics

Department/Unit

Economics

Document Type

Working Paper

Publication Date

2015

Abstract

The banking and finance sector performs a critical function in the Philippine economy as it is primarily responsible for the mobilization of domestic savings and the conversion of these funds into directly productive investments. Financing the needs of firms which desire to raise productive capacity by purchasing additional capital equipment, acquiring or leasing idle property, building and expanding factories, and increasing inventory are responsible for sustaining economic growth in the long term, alongside the creation of new jobs. It is very important for the banking and finance sector to continue finding ways to encourage households to save their unspent income in various financial assets so that these resources could be used and transformed into loans that will finance the expansion of directly productive business ventures.

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Disciplines

Banking and Finance Law | Labor Economics

Keywords

career guide; banking; finance; economic growth

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