Category: <span>Uncategorized</span>

Should the monetary authority do the heavy lifting?

More than a decade ago, after the Global Financial Crisis and the dislocation of some European and Asian debt markets, monetary policy and banking regulations helped mitigate impaired money, securities, and foreign exchange markets. During Alan Greenspan’s first year as Chairman of the US Federal Reserve Board, he was baptized in the October 1987 stock […]

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Gov’t guarantees P37.5B in bank loans to SMEs

In its bid to make available loans to small businesses badly hit by the COVID-19 crisis, the state-run Philippine Guarantee Corp. (Philguarantee) has green-lit P37.5 billion in credit guarantees as of end-June. Philguarantee said the total credit guarantee facilities it approved during the second quarter covered 22 accredited banks serving micro, small and medium enterprise […]

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