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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label reserve requirements. Show all posts
Showing posts with label reserve requirements. Show all posts
Sunday, August 31, 2025

Goldilocks Meets the Three Bad Bears: BSP’s Sixth Rate Cut and the Late-Cycle Reckoning

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  Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence—especially in cases in which large s...
Sunday, May 18, 2025

Liquidity Under Pressure: Philippine Banks Struggle in Q1 2025 Amid a Looming Fiscal Storm

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  Truth always originates in a minority of one, and every custom begins as a broken precedent—Nancy Astor   In this issue:  Liquidity Under ...
Sunday, March 16, 2025

The BSP’s One-Two Punch: Can RRR Cuts and PDIC Deposit Insurance Avert a Liquidity Crisis?

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Historical research on bank runs indicates that the reason people run is run is not fear of people running. People typically ran when the ba...
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