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    The Financial System of The Philippines: and Selected Items of Monetary and Fiscal Policies

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    John Marthin Reforma
    The financial system of the Philippines consists of six main elements: financial institutions, financial markets, financial instruments, financial services, financial practice, and financial transactions. These elements work together to create a healthy financial system. The major financial institutions in the Philippines are commercial banks, rural banks, thrift banks, specialized government institutions, offshore banks, and insurance companies. Monetary policy uses tools like money supply, interest rates, and reserve requirements to influence the economy by manipulating the money supply. Fiscal policy similarly aims to influence the economy through public spending levels and tax rates.

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    The Financial System of The Philippines: and Selected Items of Monetary and Fiscal Policies

    Uploaded by

    John Marthin Reforma
    176 views16 pages
    The financial system of the Philippines consists of six main elements: financial institutions, financial markets, financial instruments, financial services, financial practice, and financial transactions. These elements work together to create a healthy financial system. The major financial institutions in the Philippines are commercial banks, rural banks, thrift banks, specialized government institutions, offshore banks, and insurance companies. Monetary policy uses tools like money supply, interest rates, and reserve requirements to influence the economy by manipulating the money supply. Fiscal policy similarly aims to influence the economy through public spending levels and tax rates.

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    The Financial System of the Philippines

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    The financial system of the Philippines consists of six main elements: financial institutions, financial markets, financial instruments, financial services, financial practice, and financial transactions. These elements work together to create a healthy financial system. The major financial institutions in the Philippines are commercial banks, rural banks, thrift banks, specialized government institutions, offshore banks, and insurance companies. Monetary policy uses tools like money supply, interest rates, and reserve requirements to influence the economy by manipulating the money supply. Fiscal policy similarly aims to influence the economy through public spending levels and tax rates.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    176 views16 pages

    The Financial System of The Philippines: and Selected Items of Monetary and Fiscal Policies

    Uploaded by

    John Marthin Reforma
    The financial system of the Philippines consists of six main elements: financial institutions, financial markets, financial instruments, financial services, financial practice, and financial transactions. These elements work together to create a healthy financial system. The major financial institutions in the Philippines are commercial banks, rural banks, thrift banks, specialized government institutions, offshore banks, and insurance companies. Monetary policy uses tools like money supply, interest rates, and reserve requirements to influence the economy by manipulating the money supply. Fiscal policy similarly aims to influence the economy through public spending levels and tax rates.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 16

    The Financial System

    of the Philippines
    and selected items of monetary
    and fiscal policies
    What are Financial
    Systems?
    The 'financial system' is a term
    used in finance to describe the
    system that allows money to go
    between savers and borrowers.
    Elements of a Financial
    System
    Financial Institutions
    These are organizations that offer financial services.

    Financial Market
    The system that allows people to buy and sell goods
    and services to each other.

    Financial Instruments
    These are assets belonging to a person or company.
    This can include cash, bonds, or other assets; such as
    property or items of value.
    Financial Services
    These are offered by financial institutions.
    These
    include such things as banking, insurance
    policies,
    Financial
    loans andPractice
    mortgages, as well as pensions.

    A sort of guideline around how the


    financial institutions should operate their
    services.
    Financial Transactions
    These are the actual exchange of assets for
    goods or services - paying for a new car, or
    a loan, for instance.
    These six elements work together
    to create a healthy financial
    system, which in turn builds a
    strong economy. No one element
    is more important than the others
    - they simply represent different
    mechanisms within the system
    that allow it to function.
    Components of
    Philippine Financial
    System
    1. Banks
    2. Non-bank
    financial
    Intermediaries
    The major types of financial
    institutions in the Philippines are
    the commercial banks, rural
    banks, thrift banks, specialized
    government financial institutions,
    offshore banks, insurance
    companies and non-bank financial
    institutions.
    The first four types of financial
    institutions take deposits from
    public. Because of this, the
    Bangko Sentral ng Pilipinas
    Monetary Policy and
    the Financial System
    Monetary Policy refers to the
    manipulations of the money supply to
    affect the economy of the country as
    a whole. It largely impact interest
    rates.
    Money Supply Short term Interest Rates

    = encourages investments and consumptions

    Money Supply Short term Interest Rates

    = encourages saving and reduces spending


    Among the tools of monetary
    policy are money supply, open
    market operations, reserve
    requirement on bank, discount
    rate, interest rate, credit control,
    among others.
    Fiscal Policy and the
    Financial System
    Fiscal policyis the means by which a
    government adjusts its spending levels and
    tax rates to monitor and influence a
    nation's economy. It is the sister strategy to
    monetarypolicythrough which a central
    bank influences a nation's money supply.
    Public Spending or Taxes

    = encourages investments and consumptions

    Public Spending or Taxes

    = reduces spending

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