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About Monetary Economics - Lecture 4 - Measures of Money Supply + A Brief History of Money PDF
This document discusses measures of money supply and provides a brief history of money. It defines M1, M2, and M3 as measures of money supply, with M1 being the narrowest and M3 being the broadest. Reserve money (M0) is also discussed as consisting of currency in circulation and bank deposits with the central bank. A history of money is then given, starting with barter and commodity money, the emergence of private banks and demand deposits, and the evolution of different money supply measures over time. Readings are recommended to learn more about defining the various money supply measures and the history of monetary systems.
Detailed Information
Author: | ['Hariom Lohia'] |
---|---|
Publication Year: | 2020 |
Pages: | 7 |
Language: | English |
Format: | |
Price: | FREE |
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