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

Kashiwabara Chie

No 586, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

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.

Keywords: Monetary policy; Banks; Monetary policy measure; Universal and commercial banks; The Philippines (search for similar items in EconPapers)
JEL-codes: E42 E52 G38 (search for similar items in EconPapers)
Date: 2016-03-01
New Economics Papers: this item is included in nep-ban, nep-mac, nep-mon and nep-sea
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 586. 2016-03-01

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