Bangko Sentral presents UP experts

| Written by Jo. Florendo B. Lontoc

“The timely assessment of the movements of the variables are important to guide decision makers in formulating appropriate policies to mitigate, say, the impact of a shock,” says National Statistician and BSP Sterling Professor of Government and Official Statistics Dennis Mapa on “nowcasting” GDP and inflation rate. Photo by Jun Madrid, UP MPRO

 

The Bangko Sentral ng Pilipinas (BSP) presented lectures from its five professorial chair holders in the University of the Philippines, through a public forum on November 18-19, 2019 at the Executive Business Center, BSP Complex, Manila.

 

BSP Governor Benjamin Diokno welcomes participants of the 2019 BSP-UP Professorial Chair Lectures. Photo by Jun Madrid, UP MPRO

 

The lectures tackled issues and trends in economics, statistics, and business: “nowcasting” GDP growth; integrating macroeconomic data in market risk estimation; building trust in financial services e-government; examining regulatory issues on tender offers and their effect on stockholders; and, determining rate of return in the privatized water sector.

The lectures are results of the research and expertise of the featured BSP Professorial Chair holders: BSP Sterling Professor of Government and Official Statistics Dennis Mapa; BSP UP Centennial Professor of Statistics Peter Julian Cayton; BSP UP Centennial Professorial Chair in Business Administration Erik Paolo Capistrano; BSP UP Centennial Professor of Accounting Arthur Cayanan; and, BSP UP Centennial Professor of Banking and Finance Joel Yu.

 

BSP Governor Benjamin Diokno, BSP Monetary Board Member V. Bruce Tolentino (extreme left), and BSP Deputy Governor Francisco Dakila Jr. (second from right) welcome the first lecturers in the series, Dennis Mapa and Peter Julian Cayton. Photo by Jun Madrid, UP MPRO

 

The 2019 BSP-UP Professorial Chair Lectures also featured a lecture by the former dean of the UP School of Statistics, Ana Maria Tabunda, who discussed how Filipinos navigate disruptions in the economy.

 

Economists, statisticians, business managers, and finance experts fill the BSP Executive Business Center for the BSP-UP Professorial Chair Lectures. Photo by Jun Madrid, UP MPRO

 

Discussants of the lectures were: Professor Emeritus Roberto Mariano of the University of Pennsylvania; President and CEO Conrado Bate of COL Financial Group; and, Director Benjamin Radoc of the Philippine Competition Commission.

 

An audience member asks a lecturer about a formula for the Mixed Frequency Vector AutoRegressive Model used in “nowcasting”. Photo by Jun Madrid, UP MPRO

 

“The BSP recognizes the contributions of the academe in the delivery of its mandates on monetary and financial stability, and we expect to continually tap them going forward,” BSP Governor Benjamin Diokno said in his welcome remarks.

 

UP Assistant Vice President for Public Affairs Jose Wendell Capili delivers the opening remarks of UP President Danilo Concepcion for the 2019 BSP-UP Professorial Chair Lectures. Photo by Jun Madrid, UP MPRO

 

“Each one is working for the same end: strong, sustainable, and inclusive socio-economic growth and development , and better quality of life for all Filipinos,” UP President Danilo Concepcion said in his message read by Assistant Vice President for Public Affairs Jose Wendell Capili.

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