Corporate strategy of Bangko Sentral ng Pilipinas

• Main Author: Turaray, Eleanor S.
• Format: text
• Language: English
• Published: Animo Repository 1999
• Subjects: Banks and banking; Central > Philippines; Central Bank of the Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/3944
• Institution: De La Salle University

When gold was used as a standard in the past, the value of central bank notes was expressed in terms of its gold metal content. Central banks attempted to maintain gold at stated levels over time. The gradual replacement of the gold standard with pure fiat standards in the twentieth century has, in...