Analysis of the estimation performed indicates the need for adequate attention over the target aggregates. In the light of other policies undermining monetary control, it is worthwhile to ensure transparency on the central bank’s goal.

This article makes an attempt to uncover and explain the linkages between monetary policy and growth, using the cases of South Korea, the Philippines and Thailand with short-term interest rates as main indicator. It seems that, with the results from the three countries taken together, tighter...

Currency substitution implies the greater share of foreign currency in the asset holdings of domestic residents. Dollarization is the complete replacement of the local currency- in this case, the peso- by a foreign currency, most likely the US dollar. The paper finds that dollarization or...

Early 1980s has seen series of reforms in the Philippine financial system having improved financial intermediation as the general objective. This paper reviews the pace and effectiveness of the reforms implemented by the government. Findings show that economic instability and the ineffective...

Monetary policies refer to the actions of central banks aimed to achieve macroeconomic stability and to influence financial factors such as money and interest rate. This paper discusses the framework for analyzing how monetary instruments affect monetary targets and the advantages and...

Currency substitution implies the greater share of foreign currency in the asset holdings of domestic residents. Dollarization is the complete replacement of the local currency- in this case, the peso- by a foreign currency, most likely the US dollar. The paper finds that dollarization or...

This article makes an attempt to uncover and explain the linkages between monetary policy and growth, using the cases of South Korea, the Philippines and Thailand with short-term interest rates as main indicator. It seems that, with the results from the three countries taken together, tighter...

Monetary policies refer to the actions of central banks aimed to achieve macroeconomic stability and to influence financial factors such as money and interest rate. This paper discusses the framework for analyzing how monetary instruments affect monetary targets and the advantages and...

Analysis of the estimation performed indicates the need for adequate attention over the target aggregates. In the light of other policies undermining monetary control, it is worthwhile to ensure transparency on the central bank’s goal.

Early 1980s has seen series of reforms in the Philippine financial system having improved financial intermediation as the general objective. This paper reviews the pace and effectiveness of the reforms implemented by the government. Findings show that economic instability and the ineffective...