Composition of monetary and liquidity aggregates and associated statistics

Quarterly Bulletin 1982 Q4
Published on 01 December 1982

There is no single correct definition of money and there are many liquid assets which are not included in any of the conventional monetary or liquidity aggregates, but which nevertheless need to be taken into account on occasions when interpreting monetary conditions. This article describes the characteristics of twenty-four classes of assets, some of which are included in the aggregates and some not; it also briefly discusses the counterparts of two of the main aggregates, sterling M3 and PSL2.

PDFComposition of monetary and liquidity aggregates, and associated statistics

Other Quarterly Bulletin 1982 Q4 articles

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