The political foundations of booty capitalism in the Philippines -- The foundations of modern, rational capitalism : "bringing political arbitrariness to heel" -- Patrimonial states and rent capitalism : the Philippines in comparative perspective -- Private interests and public resources : the historical development of the Philippine banking system -- "Open sesame" : the emergence of private domestic commercial banks, 1960-1972 -- Bank reform and crony abuses : the martial law regime deals with the banking sector, 1972-1980 -- Further reform, further failure : technocrats, cronies, and crises, 1980-1983 -- Cleaning up : the Fernandez years, 1984-1990 -- Death, resurrection, and renovation : the Philippine banking sector in the 1990s -- The Philippine political economy at the crossroads -- Appendixes (p. 257-262) : 1. Total assets, Philippine commercial banking system, 1900-1995 -- 2. Total assets, Philippine commercial banks (by rank and by percentage of total assets of all commercial banks), year end 1955-1995 -- 3. Concentration ratios (based on total assets of largest commercial banks), 1960-1995.