Modeling the open market operations of the Bangko Sentral ng Pilipinas for use in the conduct of monetary policy analysis

• 主要作者: Torreja, Magno Luna, Jr.
• 格式: text
• 語言: English
• 出版: Animo Repository 1999
• 主題: Open market operations; Monetary policy; Money supply; Banks and banking; Business Administration, Management, and Operations
• 在線閱讀: https://animorepository.dlsu.edu.ph/etd_doctoral/907

In line with the mandate of the Bangko Sentral ng Pilipinas (BSP), the Bank specifically adopted a low and stable inflation rate (IR) as the ultimate target of monetary policy and used domestic liquidity or M3 and Reserve Money (RM) as the intermediate and operating targets, respectively. Monetary t...