Asset composition of the Philippines' universal and commercial banks : monetary policy or self-discipline?Asset composition of the Philippines' universal and commercial banks : monetary policy or self-discipline?
5862016-03-01 , Institute of Developing Economies (IDE-JETRO)
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.
JEL:E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System JEL:E52 - Monetary Policy JEL:G38 - Government Policy and Regulation Monetary policy Banks Monetary policy measure Universal and commercial banks The Philippines
Institute of Developing Economies (IDE-JETRO)
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