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A BSP closer to the people: spreading the benefits of monetary and financial stability

Author

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  • Benjamin E. Diokno

    (Bangko Sentral ng Pilipinas)

Abstract

This article tackles the efforts of the Bangko Sentral ng Pilipinas (BSP) to bring the achievement of its core mandates closer to the Filipino people. It examines the complex operating environment characterized by a narrowing policy space for central banks of advanced economies, the increasing scope of central bank objectives outside traditional monetary policy, greater global connectedness, and the rise of the Fourth Industrial Revolution. Moreover, it outlines the BSP’s policy directions and priorities going forward. More importantly, the article also discusses how, even in a complex operating environment, the benefits of BSP’s delivery of its mandates can be brought closer to the people.

Suggested Citation

  • Benjamin E. Diokno, 2019. "A BSP closer to the people: spreading the benefits of monetary and financial stability," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 56(1 and 2), pages 28-41, June and .
    • Handle: RePEc:phs:prejrn:v:56:y:2019:i:1and2:p:28-41
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/978/876
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    More about this item

    Keywords

    Bangko Sentral ng Pilipinas; financial stability; monetary stability; financial inclusion;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other

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