The UAE monetary base
shrunk five per cent in January to Dh278.
TOKYO, March 3 (KUNA) -- Japan's monetary base
Meanwhile since the beginning of the year the monetary base
expanded by 31.
Economists refer to interventions that alter a nation's monetary base
The country's monetary base
at the end of September stood at 185.
We do so by looking at monetary policy innovations to the monetary base
in an estimated vector autoregression (VAR) to see how monetary policy shocks impact the entire term structure of U.
Between 2003 and 2009, the PBoC neutralized nearly 40 percent of the impact of these reserve inflows on the monetary base
by selling so-called "sterilization bonds" to banks.
(the sum of currency in circulation and bank deposits at the Federal Reserve Banks) more than doubled in size in the last several months because of the Fed's unconventional responses to the financial crisis, including the purchase of private debt and billions of dollars in short-term loans.
Beginning about September, the usually stable graph of monetary base
The result was a doubling of the size of the monetary base
in the final four months of 2008.
The Bank of Japan reduced interest rates to zero by increasing the monetary base
, the aggregate of bank notes outstanding and current account deposits by banks.
While the divergence between the monetary base
and the money stock continued to expand, the Bank of Japan's reluctant purchases of Japanese government bonds, "unconventional" assets like asset-backed securities and equities from the banks helped to change the composition of the monetary base