Economics, Econometrics and Finance
8 years ago

Philippines' Monetary Policies Revolutionized with Open Market Operations

RePEc: Research Papers in Economics
Monetary Instruments and the Control of Liquidity in the Philippines: Focus on Open Market Operations
San Jose, S Armida

Paper Summary

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Monetary policies are actions taken by central banks to stabilize the economy and influence money and interest rates. This paper looks at how different tools used by central banks affect money goals and discusses the pros and cons of these tools. It suggests that open market operations are a good way to control liquidity in the Philippines.