Governor Benjamin Diokno is the current head of the Bangko Sentral ng Pilipinas, or BSP, which is the central bank of the Republic of the Philippines. The Governor joins David on Macro Musings to shed light on the art and science of central banking from an emerging market perspective, as seen through the experience in the Philippines. Specifically, Governor Diokno and David discuss the structure, mandate, and operating system of the BSP, how the BSP has managed to avoid the zero lower bound, the prospects of a Philippine central bank digital currency, and how a flexible exchange rate has helped the BSP hedge against dollar volatility. Transcript for the episode can be found here. Gov. Diokno's Twitter: @GovBenDiokno Gov. Diokno's World Bank profile: https://live.worldbank.org/experts/benjamin-e-diokno Related Links: Bangko Sentral ng Pilipinas website: https://www.bsp.gov.ph/SitePages/Default.aspx David's Twitter: @DavidBeckworth David's blog: http://macromarketmusings.blogspot.com/

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“What did the council decide on item 42?” — answered with the speaker and the moment.