monetary aggregate


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monetary aggregate

n.
A formal measure of an economy's money supply based on a particular set of asset categories, such as cash, transactions accounts, and traveler's checks.
References in periodicals archive ?
M2 monetary aggregate that includes currency held by the non-bank public and deposits in national currency amounted to 154.9 billion soms growing by 0.2%.
The monetary aggregate growth came though M1 decreased by 0.3 per cent to Dh507.3 billion in April from Dh512 billion in March, with currency circulated outside banks up to Dh74.7 billion.
State Bank of Pakistan (SBP) used monetary aggregate as policy target for the conduct of monetary policy in Pakistan till 2008, whereby the narrow monetary aggregate M0 was used as instrument to target broad monetary aggregate such as M2 - used as a nominal anchor to achieve the objective of price stability and output growth.
During the first ten months of 2013, the monetary aggregate M2 increased by 16.4 per cent, while bank loans and advances increased by 5.3 per cent and total bank deposits increased by 10 per cent, as a result of an increase in resident deposits by 13.
The latest monetary development report from the European Central Bank (ECB), published 28 November, showed that the annual growth rate of the broad monetary aggregate M3 decreased to 1.4% in October 2013, from 2% in September.
The central bank of the United Arab Emirates has reported an increase of 7.8 percent in monetary aggregate M2, year-on-year for the first half of 2013.
The annual growth rate of the narrow monetary aggregate, M1, increased to 7.0% in February, from 6.6% in January.
One reason that the Great Inflation is an interesting laboratory for economists was the existence of a monetary aggregate (M1) that provided a good measure of the stance (stimulative or contractionary) of monetary policy due to the interest-insensitive nature of real money demand and a stable, albeit lagged, relationship with nominal expenditure.
Relevant measures and objectives of the monetary policy are expressed via monthly monetary base, monetary aggregate (M2), consumer price index, and index of industrial production.
During the first 2 months of 2011, monetary aggregate M2 increased by 4.1%, while bank deposits increased by 2.8% and bank loans and advances increased by 1.7%.
The narrow monetary aggregate M1 registered an annual growth of 6.1% in June 2010, while the broad monetary aggregate M3 increased by 2%.
The narrow monetary aggregate M1 registered an annual growth of 6% in May 2010, while the broad monetary aggregate M3 increased by 0.2%.