In fact, in many cases governments responded to problems with policies that made things BIS Review 17/1999  –2–  worse, not better, including wage and price controls, freezes on domestic interest rates, and adoption of protectionist trade policies.
Likewise, the BSP will continue to support financial products and services that are suitably designed, priced, and tailored to diverse market segments, including the unbanked and 1/2  BIS central bankers' speeches  underserved markets, through pioneering delivery channels.