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A CASE STUDY
MARLON F. BAITEC
JAYSON S. MAGAT
APRIL 2010
BANGKO SENTRAL NG PILIPINAS, MALATE, MAYNILA, PILIPINAS:
A CASE STUDY
MARLON F. BAITEC
JAYSON S. MAGAT
ii
APRIL 2010
APPROVAL SHEET
___________ _________
Date Signed Date Signed
ELVIRA O. DAZA
Chairperson, Advisory Committee
___________
Date Signed
___________ ___________
Date Signed Date Signed
DANILO S. CASTRO
Dean
___________
Date Signed
iii
TABLE OF CONTENTS
TITLE Page
Title Page ii
Approval sheet iii
Acknowledgement ix
Biographical Sketches
Author A xiii
Author B xvi
Table of Contents iv
List of Figures vi
List of Tables vii
List of Exhibits viii
I. INTRODUCTION 1
iv
Control of discount and rediscount rates.
(RA 7653, Sec. 85) 13
Open Market Operation (RA 7653, Sec. 91) 14
Control of Collateral’s Required (RA 7653 Sec. 106) 15
Imposition of Portfolio Ceiling (RA 7653 Sec. 107) 15
Minimum Capital Ratio 16
Margin requirements for Letters of Credit 16
(RA 7653 Sec. 105)
Moral Suasion 16
Vision 17
Mission 17
Core Values 17
Objectives 17
Organizational Structure of the Firm 18
Executive Management Services 19
Governance of the Bank 22
The Monetary Board 23
The Governor 25
Location 26
Facilities and Equipments 28
v
Maintain Strong Peso Foreign Exchange Rate 38
Reassess Inflation Targeting Process Flowchart 39
Shift to Other Monetary Policy Framework Targeting 41
VII. RECOMMENDATIONS 42
VIII. CONCLUSION 43
XI.
TITLE Page
References 46
Exhibits 47
LIST OF FIGURES
FIGURE Page
vi
LIST OF TABLE
TABLE Page
vii
LIST OF EXHIBITS
EXHIBIT Page
viii
ACKNOWLEDGEMENT
“Without realistic goals and positive behavior, positive thinking alone is not enough.”
The author wish to acknowledge the debt of gratitude to special persons who
whole heartedly gave their support and encouragement in the successful completion of
this study – with equal enthusiasm, that many who have helped in ways that they might
not be aware.
Central Luzon State University for her advice, guidance and never ending support in the
ix
To Prof. Eva F. Avellanoza and Prof Marilyn A. Escalona, who served as
panelists, for their consistent and considerate supervision the preparation towards the
Malate, Manila, Philippines for the support, concern, motivation, and companionship
Accountancy, for equipping him with the knowledge, worth-remembering and beautiful
To his CBAA, SAMS, ManSoc and S1 family, the friendship, love, tough
moments and fun-filled memories making half of his college life memorable;
experience;
To all Staff of Public Employment Service Office, San Jose City, who help
To NESDF, Inc. and Co-scholar, for the scholarship grant for which his
To his Dade and Mame, Mr. Marco T. Baitec and Mrs. Rosalita F. Baitec for
their undying support, love, care concern and advise that made him truly inspired;
x
To his Family, Kuya Marick, Ate Joy, Ate Rose Mean, Jill Ann, Pamangkin
Paula, Rafael and LJ, Lola, Nanay, Tito and Tita and Cousins, who stay beside him
To all his high school and college friends and his inspiration, the gift of a
Above all, to God Almighty, the Creator of all, who never fails to show the love,
peace and guidance, the strength, knowledge and health in able to pursue this piece of
ACKNOWLEDGEMENT
The author wants to express his deepest gratitude and appreciation to a number of
great people who individually and collectively extended their support and assistance in
the realization of this study most especially to the group of good people who had been a
very good part of his two months stay in the Bangko Sentral ng Pilipinas and to people
Accountancy, Central Luzon State University, for her advice, encouragement, and
xi
To Ma’am Marilyn Escalona and Ma’am Eva F. Avellanosa, who served as
panelists, for spending their time sharing knowledge and constructive criticisms towards
ng Pilipinas in Malate Manila for imparting knowledge and skills towards the author’s
Accountancy, for equipping him with the knowledge, worth-remembering and beautiful
To his SAMS family, to batch GUESS and REDEMPTIO, the friendship, love,
tough moments and fun-filled memories making half of his college life memorable;
To his MANSOC family, the group that may not last long, for the hundreds of
beautiful and sad memories spent together will forever be alive and treasured in his heart
To his college friends,, for sharing the sad, best and fun-filled memories together,
for bringing inspirations, love and care and most especially to his Girlfriend, Ms. Janina
To all of his friends most especially to THE PEARLS, for being his second
family in times of troubles and sadness; To his co trainee MARLON for being his
companion throughout the training and his buddy in doing this case study;
xii
To his brother and cousin, Emman and Ren Ren, for the blessings of love and
care
To his beloved and ever supportive parents, Mr. Emelito R. Magat and Mrs.
Emma S. Magat, for being the best role models and mentors, for the undying sacrifices,
love, care, and for being the best parents in the whole world, no words can describe how
lucky and happy the author felt having them as his parents
Above all, to God Almighty, the Creator of all, who never fails to shower him
with blessings and love inspite of his shortcomings in life, the source of all wisdom and
strength amidst all struggles, frustrations and challenges in life, this piece of work would
JAYSON S. MAGAT
BIOGRAPHICAL SKETCH
xiii
Constancio Padilla National High School
San Jose City, Nueva Ecija
2002 – 2006
Member
College of Business Administration and Accountancy –
Society for the Advancement of Management Students
(CBAA – SAMS)
S.Y. 2008 – 2009
Member
Society for the Advancement of Volunteerism and
Excellence - Nueva Ecija (SAVE - NE)
2006-2010
Business Manager
CBAA – Senior Officers
S.Y. 2009 - 2010
Business Manager
Youth Entrepreneur Society (YES)
S.Y. 2009 - 2010
xiv
Academic Activities: “Product Expo and Trade Fair 2010 –
During Students’ Week 2010”
Multi Purpose Gym, CLSU,
Science City of Muñoz, Nueva Ecija
February 11, 2010
xv
Gawad Kalinga Housing and Beautification Project
Formoso Village, Sto. Niño 3rd
San Jose City, Nueva Ecija
January 26, 2008
BIOGRAPHICAL SKETCH
High School
San Sebastian School
xvi
Science City of Munoz, Nueva Ecija
2002 – 2006
xvii
Personality Development Seminar
At University Auditorium, Central Luzon State
University,
Science City of Muñoz, Nueva Ecija
August 15, 2007
xviii