Monetary aggregates - Monetaryaggregates )usedintheUK MO...

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Monetary aggregates There are currently four official monetary aggregates ( денежные  агрегаты ) used in the UK: MO  –   Notes and coin in circulation outside of the Bank of England + banks'  operational deposits with the Bank of England. M2 – M4 private sector holdings of notes and coin + M4 private sector holdings of  sterling retail deposits with UK banks + M4 private sector holdings of sterling  retail deposits and shares with UK building societies. M4 – M4 private sector holdings of notes and coin + M4 private sector holdings of  sterling deposits (including sterling certificates of deposit)   with UK banks +  M4 private sector holdings of sterling shares and deposits (including sterling  certificates of deposit) with UK building societies. M3H – M4 + M4 private sector holdings of foreign currency deposits with UK  banks and building societies + sterling and foreign currency deposits held by  UK public corporations with UK banks and building societies. Notes: (a) M4 private sector means the UK non-bank non-building society private sector.  (Notes and coin relate exclusively to holdings of sterling. Banks' 'retail' deposits  are   defined   as   deposits   which   arise   from   a   customer's   acceptance   of   an 
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This note was uploaded on 04/10/2012 for the course ECON 101 taught by Professor Gonalez during the Spring '12 term at Université de Bourgogne.

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Monetary aggregates - Monetaryaggregates )usedintheUK MO...

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