@techreport{oai:ir.ide.go.jp:00037599, author = {Kashiwabara, Chie}, month = {Mar}, note = {application/pdf, IDP000586_001, The central bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) has improved its monetary policy measures since the 2000s. After rationalizing the country's banking sector since late-1990s, its monetary policy and the uniiversal/commercial banks' (UCBs) behavior in allocating their assets has changed since mid-2000s. Though further and more detailed studies are nesessary, based on the results of simple correlation analyses conducted in this paper suggest a possible mixture of the country's monetary policy and their own decision-making in asset allocations, instead of a "follow-through" attitude.}, title = {Asset composition of the Philippines' universal and commercial banks : monetary policy or self-discipline?}, year = {2016} }