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Speculative Markets and Macroeconomic Controversy Read chapter Read first chapter

1988 | OriginalPaper | Chapter

Causal Relations among the Sources of Money Supply the Portuguese Case

Author : Mario Antao

Published in: Monetary Theory and Policy

Publisher: Springer Berlin Heidelberg

Included in: Professional Book Archive

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The global monetary situation of a national economy is usually simply expressed by the following CBS (consolidated banking system) equation: (1)$$ DLX + CLSP + CLEP = M2 + DIV $$ where DLX is net foreign reserves, CLSP is net credit to the public administrative sector, CLEP is net internal credit to the private sector made up of companies and private individuals, M2 is the volume of monetary assets held by the private sector and DIV are sundry items.

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Metadata
Title
Causal Relations among the Sources of Money Supply the Portuguese Case
Author
Mario Antao
Copyright Year
1988
Publisher
Springer Berlin Heidelberg
Book
Monetary Theory and Policy

Print ISBN: 978-3-540-50322-4

Electronic ISBN: 978-3-642-74104-3

Copyright Year: 1988

DOI
https://doi.org/10.1007/978-3-642-74104-3_7