But as in previous episodes of volatility and  BIS central bankers’ speeches  3  portfolio outflows, there will be core investors who will remain invested in the Philippines because of our positive growth prospects and sound fundamentals.
For instance: What are the implications for monetary policy strategy of incorporating financial stability risks? How should we deal with the interactions between macro-prudential policy and monetary policy and between monetary policy and supervision of banks? How can central banks contribute to cross-border payment cooperation and ensure level playing fields without discouraging competition and without creating undue uncertainty about regulations?