5 Questions
What is the role of the Monetary Board in domestic monetary stabilization?
To manage expansion or contraction in monetary aggregates
What action can the Monetary Board take when abnormal movements in monetary aggregates, credit, or prices endanger the stability of the Philippine economy?
Take remedial measures and submit a detailed report
What is included in the detailed report that the Monetary Board must submit?
Causes of the rise or fall of monetary aggregates, credit, or prices
In what situations does the Monetary Board need to take action?
When abnormal movements in monetary aggregates, credit, or prices endanger the stability of the Philippine economy
What is the purpose of domestic monetary stabilization according to the text?
To attain or maintain price stability
Study Notes
Role of the Monetary Board
- The Monetary Board plays a crucial role in domestic monetary stabilization to maintain economic stability in the Philippines.
Actions in Abnormal Situations
- When abnormal movements in monetary aggregates, credit, or prices threaten the stability of the Philippine economy, the Monetary Board can take action to mitigate the effects.
Detailed Report
- The Monetary Board must submit a detailed report that includes an assessment of the current monetary and credit situation, as well as the measures taken to address any issues.
Situations Requiring Action
- The Monetary Board needs to take action in situations where abnormal movements in monetary aggregates, credit, or prices endanger the stability of the Philippine economy.
Purpose of Domestic Monetary Stabilization
- The purpose of domestic monetary stabilization is to maintain price stability, promote sustainable economic growth, and maintain a stable financial system.
Test your knowledge on domestic monetary stabilization and the role of the Monetary Board in maintaining price stability. Explore the actions taken by the board to counter abnormal movements in monetary aggregates, credit, and prices that may threaten the stability of the Philippine economy.
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