Narrow Money


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Narrow Money

A measure of the money supply used by the various central banks that includes only currency in circulation and very near money instruments. In the Federal Reserve System, narrow money includes all physical currency and deposits in checking accounts as well as Negotiable Orders Withdrawal accounts. It does not include savings accounts, certificates of deposit, or money market accounts. This is called narrow money because it applies the most restrictive definition of money. It is also called the money base. See also: M1, M0.
References in periodicals archive ?
As at the end of September 2015, narrow money stock (M1) when measured on year-on-year basis, grew by 16.
2% in August, while growth in narrow money (M1) accelerated to 3% in August from 1.
The bank said that its narrow money stock (M1), when measured on year-on-year basis, grew sharply by 30.
The narrow money supply aggregate (M1) which includes currency in circulation plus monetary deposits, i.
Narrow Money (M1), includes all physical monies such as coins and currency with demand deposits and other assets held by the central bank also fell from N6.
However, growth in narrow money aggregate growth was more rapid at 22.
Narrow money (M1) contracted by KD 315 million, following a modest gain last month.
At the end of 2012, narrow money stock (M1) grew 13.
There is evidence that the interest rate and exchange rate reform has significant positive impact on both narrow money and broad money demand.
Narrow Money Supply, or M1, which is physical money such as coins, currency and deposits, has increased 73 percent, or more than one trillion dollars.
But Berenberg Bank said that, thanks to the ECB, the 17-nation bloc was close to an inflection point; rebounding growth in narrow money pointed to renewed growth by spring at the latest.
After estimating the parameters of the long-run demand functions for narrow money, we assess the welfare losses associated with different rates of inflation quantitatively.