The Central Bank and bank credits in the Philippines : a survey on effectiveness of monetary policy and its measures

In the post-Asian crisis period, bank loans to the manufacturing sector have shown a slow recovery in the affected countries, unexceptionally in the Philippines. This paper provides a literacy survey on the effectiveness of the Central Bank’s monetary policy and the responsiveness of the financial market, and discusses on the future works necessary to better understand the monetary policy effectiveness in the Philippines. As the survey shows, most previous works focus on the correlation between the short-term policy rates and during the period of monetary tightening and relatively less interest in quantitative effectiveness. Future tasks would shed lights on (1) the asset side – other than loan outstanding – of banks to analyze their behavior/preference in structuring portfolios, and (2) the quantitative impacts during the monetary easing period.

Sermones aurei ac excelle[n]tissimi in alma ciuitate Tholosana proclamati / a fratre Thoma Illyrico de Auximo ordinis Minorum ...

Port. grab. xil. a dos tintas

Chronica o descripcio dels fets e hazanyes del inclyt rey don Iaume Primer...

Colofón

Descripcion del arbol de Togores y familias con quien emparentaron [Manuscrito] : discurso historico

Contiene: [I]. Certificado notarial dando fé de que la copia de Juan Togores coincide con el original de Vicente Togores. [II]. Certificado del archivero general del Palacio Real dando traslado del título de nobleza, en latín, concedido por Felipe III a Luis Togores y a sus descendientes. [III]. Traducción simple del documento anterior.