monetary base

The combined effect of these actions was that the monetary base more than tripled in size.

In the past couple of years, to try to keep the economy out of a tailspin, it has more than doubled the size of the so-called monetary base.

The huge expansion in the monetary base will have disguised this, showing up in a spike in loan-to-deposit ratios.

This rally is the result of gigantic monetary easing, including a doubling of the U. S. monetary base.

A common measure of this, says Mr Barnes, is the American monetary base plus United States securities held by the Fed for foreign countries.

Indeed, China's monetary base now exceeds that of the US under the M2 measurement, which includes money in circulation and bank deposits.

And there has, indeed, been a huge expansion of the monetary base.

This was the reason why we added Exchange Fund paper to the Monetary Base to provide a cushion against this volatility.

After the financial market collapsed last fall, the Fed responded with a massive injection of liquidity and expansion of the monetary base.

It should contract the monetary base back to where it otherwise would have been, plus a slight increase geared toward economic expansion.

The increase was due to the corresponding increase in Certificates of Indebtedness in the monetary base and income from investments .

Indeed, during the current crisis, the monetary base has become disconnected from the money supply in all big economies.

Monetary aggregates The main indicators of the monetary status. Include such features as monetary base and money supply .

In the original gold standard the monetary base was regulated by the need to stop gold outflows rather than by legislative requirements.

Marking the value of securities to market, there may be an increase in the Monetary Base relative to the Backing Portfolio.

But the relationships between the monetary base, broader monetary aggregates and nominal income is highly unstable.

Since the BoJ abandoned "quantitative easing" in March, Japan's monetary base has withered.

However, the monetary base is a part of the money supply.

But a rising monetary base isn't inflationary when you're in a liquidity trap.

In accordance with Currency Board principles, changes in the Monetary Base were fully matched by corresponding changes in foreign reserves.

The size of the Monetary Base has remained stable under our robust and rule-based Currency Board system.

Higher interest on reserves would discourage bank lending and prevent the huge expansion in the monetary base from becoming inflationary.

Thus we have the Backing Ratio of US dollar assets over the Monetary Base, which we monitor daily.

Moving the monetary base from excess reserves to currency holdings, however, would yield no macroeconomic benefits.

These assets back the liability side of the balance sheet, which mainly represents the monetary base of the dollar.

The bottom line is that it takes a long time for monetary base to translate into inflation, and by then the Fed will be in tightening mode.

Over long sweeps of time, he says, inflation closely tracks increases in the monetary base that exceed economic growth.

The result has been an explosion of the Fed's balance sheet and of the monetary base.

Any further increases in the monetary base will either be held in bank vaults or held as cash by individuals and firms, without being spent.

Mr. Laffer seems panicked by a rapid rise in the monetary base, the sum of currency in circulation and the reserves of banks.

The US dollar assets backing the Monetary Base are managed in the most liquid form, in US dollar call deposits and US Treasury securities.

The Account shows the Monetary Base on its liabilities side, and the backing assets on its assets side .

I have never felt comfortable about different convertibility arrangements for different components of the Monetary Base.

The combined figure is roughly three times the stock of notes and coins in circulation and twice the country's monetary base.

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

Conversely, the backing ratio would rise when the monetary base contracted, other things being equal.

Allowing interest payments on Exchange Fund papers to expand the Monetary Base.

But the Fed does control the "monetary base, " the sum of bank reserves and currency in circulation.

In truth, the Fed's monetary base grew the same in the 1970s as it did in the 1980s, with two completely different results.

Both the monetary base and the backing assets are valued on a marked to market basis.

and second, convertibility between the monetary base and the reserve currency at the fixed exchange rate (i. e. $7. 80 = US$1).

In normal times when the Fed expands the monetary base, banks lend that money, and other money-supply measures grow in parallel.

The monetary base in big economies has been swollen by lots of liquidity from central banks.

The first round of QE, following the 2008 crisis, was necessary, even though it doubled the US monetary base.

And third, who will issue the monetary base?

The Swiss monetary base is already 50% of GDP (the equivalent figure for America is 18%) but there are no signs of inflation yet.

Adding these back into M1 causes M1 to be larger than the monetary base.

At the same time, increase the deposit reserve rate, by controlling the monetary base, also can cage RMB.

In contrast, he is not afraid under the present circumstances that a big increase in the monetary base necessarily implies future inflation.

Central banks are powerful because they control the "monetary base" .

Japan's monetary base rose 85 percent between 1997 and 2003; deflation continued apace.

This not only for China's monetary base on exerted an important influence, but also to RMB exchange rate mechanism produced distortion.

America's monetary base doubled between 1929 and 1939; prices fell 19 percent.

Backing Ratio is the ratio between the Backing Assets and the Monetary Base under the Currency Board system in Hong Kong .

A trebling of Hong Kong's monetary base since 2009 has driven down interest rates to historic lows and fuelled mortgage lending.

Under this linked exchange rate system, the Government undertakes to back the entire monetary base of Hong Kong with US dollars.

The Exchange Fund provides backing, in the form of foreign currency reserves, for the Monetary Base of Hong Kong.

to ensure that the entire monetary base at all times will be fully backed by highly liquid short - term us dollar - denominated securities

To ensure that the entire monetary base is at all times fully backed

The inflationistas look at budget deficits and monetary base, and see severe inflation and soaring interest rates as the obvious outcome;

Base currency, High-powered money, Monetary base,

On the Relationship between Monetary Base and Central Bank

All in one monopolistic banking system Monetary base

WESTBANK adjustment of monetary base

Japan monetary base growth picks up, seen slowing

Monetary Base, Credit and Output: the Empirical Analysis of Monetary Policies in China

In Hong Kong, the Monetary Base comprises the following components