Monetary base/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> currency in circulation plus deposits held by banks at the central bank.) |
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currency in circulation plus deposits held by banks at the central bank. | currency in circulation plus bank vault cash plus deposits held by banks at the central bank (termed "high-powered money" in the US, and referred to as M0 in the UK). | ||
Latest revision as of 10:13, 31 January 2009
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Monetary base [r]: currency in circulation plus bank vault cash plus deposits held by banks at the central bank (termed "high-powered money" in the US, and referred to as M0 in the UK).