broad money


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Broad Money

The widest possible definition of money supply. There is no universal agreement as to what constitutes broad money. In general, it includes highly liquid instruments like all physical currency and deposits in checking accounts, but also less liquid deposits like those in savings accounts, certificates of deposit, institutional money market accounts, repurchase agreements and other assets that do not circulate very often. It may also include debt securities with maturities of less than two years, repurchase agreements and other assets.

broad money

see MONEY SUPPLY.
References in periodicals archive ?
Net Domestic Assets (NDA) point contribution in broad money rose to 8.
In an attempt to expand the total supply of broad money, many central banks have had to engage in quantitative easing (QE).
Apply reserve requirements (not to be confused with capital requirements) to all of the broad money issued by deposit banks, thereby giving the Federal Reserve the power to cap the quantity of broad money outstanding.
According to the announcement broad money Indicator (M3) was up 1.
That is, to increase the level of base money in the hopes of increasing the rate of broad money supply growth and inflation.
There are few better economic indicators for this than employment and, for monetarists, broad money supply.
The opening section brings together worldwide statistics on IMF positions, gold reserves, broad money, consumer prices, GDP, and commodity prices.
Ratio of broad money supply and clearance to deposits in riyals stood at 12.
Raising interest rates now, when broad money supply growth is so weak, would be unprecedented, says the IoD in its latest economic report.
Taipei, July 1, 2011 (CENS) -- The annual growth of Taiwan's broad money supply indicator--MIB--dropped to 8% in May, a new low since April 2009; while another broad money supply indicator--M2--rose to 6.
28 (Saba)- New figures from the Central Bank of Yemen show broad money supply (M2) growth edged down slightly in December to end 2010 at 9.
At end-October 2010, broad money (M3) amounted to RON 194,804.