Table 3: International Bank and Bond Finance for Five Asian Countries* $ billion) 1990–9  Net interbank lending Bank lending to nonbanks Net bond issuance Total  14 2 3 19  1995 Q 1996 Q4 1996 Q 1997 Q at annual rates 43 11 15 11 17 32 75 54  1997 Q  –31 –1 1 –31  1998 Q  at actual rates –31 –4 –2 –37  * Indonesia, Korea, Malaysia, the Philippines and Thailand.
BSP organization My fellow workers at the BSP, central banks have often been described as the most powerful institution in the economic sphere: the monetary policy decisions made by the monetary authorities “can lift markets overnight, bring people out of unemployment, keep growth on track and hold inflation in check.”1Yet what central banks can do is ostensibly limited by a host of factors notably increasing globalization.