The Philippines has made an impressive progress in consumer protection in the banking sector, as shown by the wide … assessment of the consumer protection framework in the banking sector, with a particular focus on debit and credit products …

The Philippines has made an impressive progress in consumer protection in the banking sector, as shown by the wide … assessment of the consumer protection framework in the banking sector, with a particular focus on debit and credit products …

We link banking and asset prices in a simple monetary macroeconomic model. Our main innovation is to consider how wide …-spread default affects the banking system. We find that the interaction of credit, asset prices, and loan losses explains a complete … whether a capital crunch, financial instability, or a banking crisis occurs. But self-fulfilling capital crunches and banking …

This paper links banking with asset prices in a monetary macroeconomic model. The main innovation is to consider how … falling asset prices affect the banking system through wide-spread borrower default, while deriving explicit solutions and …-linear, and involves feedback from the banking system in the form of credit contraction. When borrowers repay, the effect ‘passes …