THE Bangko Sentral ng Pilipinas (BSP) will launch a peer-reviewed journal series on monetary policy and finance under its research academy.

BSP Governor Benjamin Diokno told reporters that its research academy will release the “Journal of Monetary Policy and Finance” this year as part of the Central Bank’s efforts to strengthen its research capacity and enhance its collaborative research engagements.

“This is a peer-reviewed journal series that will feature outstanding research studies on relevant topics on central banking, monetary policy-making, and finance. It is targeted to be on a par with leading international peer-reviewed journals,” Diokno said.

Since the founding of the academy in January 2021, the BSP has executed six Memoranda of Understanding (MOUs) with partner research organizations and universities.

The BSP signed its recent MOUs with the University of the Philippines (UP) Los Baños and the Ateneo de Manila University. The BSP also has existing research partnerships with the Agricultural Credit Policy Council (ACPC), UP School of Economics-Philippine Center for Economic Development, and the Philippine Institute for Development Studies.

Apart from the launching of a monetary policy journal, Diokno also said the BSP Research Academy will work with the ACPC to develop a credit scoring model and database for farmer and fisherfolk borrowers for this year.

“This initiative is expected to reduce transaction costs, thereby encouraging increased investment in agricultural loans and providing more opportunities for farmers and fishers to access credit,” Diokno said.

The academy will also finalize the implementing guidelines for the “Doctoral Internship Program,” which will be offered to Filipino students enrolled in PhD programs in economics, finance, statistics, and related fields in the Philippines, and develop a research grant called the “Central Banking Research Award.”

“The BSP will continue to forge strategic partnerships with academic and research institutions based on the potential mutual benefit of enriching research expertise and producing research that can serve as input to policy-making,” Diokno said.

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