monetary aggregate

What is monetary aggregate?

monetary aggregate definition and meaning on Finance terms:
Currency in circulation plus outstanding amounts of certain liabilities of monetary financial institutions (MFIs) that have a relatively high degree of liquidity and are held by non-MFI euro area residents outside the central government sector. The Governing Council has announced a reference value for the growth of M3. See also
M1
M2
M3
reference value for monetary growth<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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