broad money

The Bank of England has been focusing on an underlying measure of broad money, which excludes holdings by specialist financial firms.

They measure this by charting the total market capitalization of equities as a percentage of broad money supply.

"If you sink broad money, you get a recession, " he said.

Broad money is less easily accessible and includes savings accounts, time deposits and institutional funds in the money market.

Second, there are likely to be lags between the implementation of the policy and growth in broad money.

Despite shifting to a "prudent" monetary policy stance, the target for broad money growth is still 16 per cent.

On the face of it, the M4 measure of broad money (cash and deposits) has been growing fast.

In order to adapt to the prudent monetary policy for the next year, new credit increment and broad money issue will be adjusted downwards.

The former have to be worried by the fact that UK broad money (M4) shrank by 1. 1 per cent in the year to July 2011.

There may be tentative signs that the pace of broad-money growth is accelerating.

Yet over the past year, a staggering three-fifths of the world's broad money-supply growth has flowed from emerging economies.

broad money declined slightly in 2002 , while narrow money increased significantly , largely reflecting low interest rates.

Central banks now generally see broad money as passive, responding to the economic weather, not making it.

Japanese banks hoarded their extra reserves, and the policy had little discernible impact on the broad money supply.

That increases the monetary base (cash and commercial-bank reserves) but not necessarily the broad-money supply (cash and deposits).

An article in the latest Bank of England quarterly bulletin analyses the weakness in broad money growth.

However, with broad money above 160 per cent of GDP, the situation could change, and change quickly, due to internal or external shocks.

In particular, he argues, broad money has a stable and predictable relation with incomes.

Broad money grew at a compound annual rate of just over 2 per cent in the three years to the end of August.

China will continue to implement a prudent monetary policy. The broad money supply is projected to increase by 14 percent.

Judging from the current trend, the gap between broad money supply and GDP is widening.

He notes that the ratio of US broad money to GDP is higher than at any time, with the exception of the 1930s slump and the second world war.

In the euro area and Britain, broad money growth is running well ahead of nominal GDP.

And Capital Economics' measure of broad-money supply (M3) fell while QE was in operation.

Broad money supply is well below the reference rate.

The broad money supply (M2) is already increasing at an annual rate of nearly 15 per cent.

China's broad money supply has been increasing at an average annual rate of 25 per cent since January 2009.

But the growth of broad money has collapsed.

When banks will not lend and the broad money supply is barely growing, that is just what it should be doing (see chart).

Broad-money supply is contracting in the euro zone and growing only slowly in America.

The jump in the ratio of broad money to GDP is also worrying, coming after a long period of stability.

Credit growth was surprisingly high, and the same was true of the broad money supply, M2, which grew at a record rate relative to GDP.

Goldman Sachs reckons that growth in China's M3 measure of broad money has quickened to 20% over the past year.

The broad money supply (M2) in 2009 will be increased by about 17%.

In the eurozone, for example, currency in circulation is just 9 per cent of broad money (M3).

The broad-money supply grew last year at an annual rate of 15-40% in GCC countries, according to Standard Chartered.

China will continue to implement a prudent monetary policy. The broad money supply is pr

Estimating Demand for Narrow Money and Broad Money

Of which: Deposits Included in Broad Money

Analysis of the Determinants of Broad Money Demand in China

Testing Superexogeneity for the Supply of Broad Money in China