The impact of institutional quality and remittances on the cyclicity of monetary policies in selected countries in Asian and the Pacific Region for the period 2011-2018

• Main Authors: Alvarez, Jiezel Lois B., Dizon, Ma. Bettina Angeli A., Reynoso, Joaquin Emilio Maximino L, Sadhwani, Vishal Haresh
• Format: text
• Language: English
• Published: Animo Repository 2020
• Subjects: Monetary policy; Business; Economics; Finance
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/14982; https://animorepository.dlsu.edu.ph/context/etd_bachelors/article/1000/viewcontent/2020_Alvarez_Jiezel_Partial.pdf
• Institution: De La Salle University

With the increased role of governance and remittance in affecting a countries GDP, Central Banks had to adjust their monetary policies to address these factors. Institutional quality, as a measure of governance, is a required condition for sustained growth. The study focuses on countries in Asia and the Pacific due to it being the main growth of the global economy in recent years. The researchers selected an 8-year period of growth from 2011-2018, which was done to avoid data affected by the 2008 financial crisis and its aftermath. The results aim to answer the problems of whether IQ, remittances and certain macro-economic variables affect the cyclicity of monetary policy within selected developed and developing countries in the Asia and the Pacific. Improvements into monetary policy making and governance could be powerful suggestions based on several studies. However, this study found less association in the aforementioned countries between institutional quality and cyclicity of monetary policy, which is possibly from the flawed data available.