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 ?
As for the banking indicators for the commercial banks as at the end of September 2015, the bulletin said that the broad money and clearance to the deposits in riyals was 26 percent.
So far QE has not caused a massive increase in the money supply that matters for inflation; the money base has indeed risen sharply, but the broad money supply has not.
Focusing on headline inflation and using monthly data, they find that wheat support prices affect inflation only in the short run, whereas monetary variables of broad money and private sector credit affect inflation in the long run and by a lag of 12 months.
As at the end of May 2013, broad money (M2) when measured on a year-on-year basis grew by 9.
Taipei, March 4, 2011 (CENS)--Taiwan's two broad money supply indicators--M1B and M2--both rose annually 9.
At end-June 2010, broad money (M3) equalled RON 195,087.
3bn in March but year-on-year growth in the broad money indicator fell to 3.
The broad money and credit aggregates, for example, have suggested declining inflation in the United States-- but by far more than has actually occurred.
M3 growth was much slower than broad money growth at 2.
As regards the sources of broad money supply (M2), net foreign assets of the banking system (including CBO) increased by 25.
29, 2010 (CENS)--The annual growth of M1B, Taiwan's broad money supply indicator, showed the 11th consecutive monthly drop to 9.
At end-July 2010, broad money (M3) amounted to RON 192,349.