Date of Publication

10-6-2020

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Business | Economics | Finance

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management Department

Thesis Adviser

Joseph James Lago

Defense Panel Chair

Alfredo Santoyo

Defense Panel Member

Rene Betita
Harold Cao

Abstract/Summary

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.

Abstract Format

html

Language

English

Format

Electronic

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Keywords

Monetary policy

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Embargo Period

10-6-2020

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