Reports
Discussion Papers
No.586 Asset Composition of the Philippines' Universal and Commercial Banks: Monetary Policy or Self-Discipline?
March 2016
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
measure,
universal
and
commercial
banks,
the
Philippines
JEL
classification:
E42,
E52,
G38
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