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Asset composition of the Philippines' universal and commercial banks : monetary policy or self-discipline?

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  • Kashiwabara, Chie

Abstract

The central bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) has improved its monetary policy measures since the 2000s. After rationalizing the country's banking sector since late-1990s, its monetary policy and the uniiversal/commercial banks' (UCBs) behavior in allocating their assets has changed since mid-2000s. Though further and more detailed studies are nesessary, based on the results of simple correlation analyses conducted in this paper suggest a possible mixture of the country's monetary policy and their own decision-making in asset allocations, instead of a "follow-through" attitude.

Suggested Citation

  • Kashiwabara, Chie, 2016. "Asset composition of the Philippines' universal and commercial banks : monetary policy or self-discipline?," IDE Discussion Papers 586, Institute of Developing Economies, Japan External Trade Organization(JETRO).
  • Handle: RePEc:jet:dpaper:dpaper586
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    More about this item

    Keywords

    Monetary policy; Banks; Monetary policy measure; Universal and commercial banks; The Philippines;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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