EPHE - The Shift Of The Philippine Peso Regime
In the Aquino era, the focus was on financial flows, which rested on a strong peso. In the Duterte era, it is on the huge investment drive, which can live with a weaker currency. The peso's political economy is shifting.
Recently, international media have released contradictory peso reports. But the phenomenon is not new. For instance, Bloomberg's Ditas Lopez first attributed the peso's decline to Duterte two months before the actual election (April 27, 2016). Yet, after the election, the peso rose for weeks beating forecasts so that by late August 2016 even Bloomberg had