Money Credit And Banking By Miranda Pdf 11
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Money Credit and Banking by Miranda PDF 11: A Comprehensive Guide to the Philippine Financial System
If you are looking for a reliable and updated source of information on the Philippine financial system, you might want to check out Money Credit and Banking by Miranda PDF 11. This book is written by Dr. Roberto F. de Ocampo, a former finance secretary and central bank governor of the Philippines, and Dr. Leonor M. Briones, a former national treasurer and professor of public finance. They are both experts in the field of money, credit and banking, and have extensive experience in policy-making and research.
Money Credit and Banking by Miranda PDF 11 covers the basic concepts and principles of money, credit and banking, as well as the structure and functions of the Philippine financial system. It also discusses the current issues and challenges facing the financial sector, such as financial inclusion, financial stability, digitalization, financial literacy, and financial regulation. The book provides relevant data, examples, cases, and exercises to help readers understand and apply the concepts and theories.
Money Credit and Banking by Miranda PDF 11 is suitable for students, teachers, researchers, practitioners, and policy-makers who are interested in learning more about the Philippine financial system. It is also a valuable reference for anyone who wants to gain a deeper insight into the dynamics of money, credit and banking in the Philippines.
You can download Money Credit and Banking by Miranda PDF 11 from the official website of the publisher, Rex Book Store. You can also order a printed copy online or visit any of their branches nationwide. Don't miss this opportunity to get your hands on this comprehensive guide to the Philippine financial system.
In this article, we will give you a brief overview of the main topics covered in Money Credit and Banking by Miranda PDF 11. We will also highlight some of the key features and benefits of this book.
What is Money Credit and Banking
Money Credit and Banking is a branch of economics that studies how money, credit and banking affect the economy. It examines how money is created, circulated, and controlled, how credit is granted, used, and repaid, and how banking institutions operate, interact, and regulate. It also analyzes how monetary and financial policies influence economic activity, inflation, interest rates, exchange rates, and balance of payments.
Money Credit and Banking is important because it helps us understand how the financial system works and how it affects our lives. It also helps us make informed decisions about saving, investing, borrowing, and spending. It also enables us to evaluate the performance and prospects of the economy and the financial sector.
What is the Philippine Financial System
The Philippine financial system is composed of various institutions, markets, instruments, and regulations that facilitate the flow of funds in the economy. It consists of two main sectors: the monetary sector and the non-monetary sector.
The monetary sector includes the Bangko Sentral ng Pilipinas (BSP), which is the central bank and monetary authority of the country, and the banks and quasi-banks, which are the deposit-taking intermediaries that provide financial services to the public. The monetary sector is responsible for managing the money supply, implementing monetary policy, overseeing the banking system, and maintaining financial stability.
The non-monetary sector includes the other financial intermediaries that do not accept deposits from the public, such as insurance companies, pension funds, investment companies, finance companies, lending companies, pawnshops, cooperatives, microfinance institutions, and informal lenders. The non-monetary sector is responsible for providing alternative sources of funds for various sectors of the economy.
The Philippine financial system also includes the financial markets where financial instruments are traded. These include the money market where short-term instruments are traded, such as treasury bills, commercial papers, bankers' acceptances, certificates of deposit, repurchase agreements, and interbank loans; the capital market where long-term instruments are traded, such as bonds, stocks, derivatives, and mutual funds; the foreign exchange market where foreign currencies are traded; and the gold market where gold bullion and coins are traded.
The Philippine financial system is governed by various laws and regulations that aim to ensure its efficiency, soundness, integrity, transparency,
and stability. These include the New Central Bank Act (RA 7653), which defines the mandate and functions of the BSP; the General Banking Law (RA 8791), which sets the rules and standards for banks and quasi-banks; the Securities Regulation Code (RA 8799), which regulates the securities industry; the Insurance Code (PD 612), which regulates the insurance industry; the Cooperative Code (RA 9520), which regulates cooperatives; and other relevant laws and issuances. a474f39169