Monetary and credit developments in 2011

J. Montornès.

Quarterly selection of articles - Bulletin de la Banque de France, 2012, issue 25, 53-62

Abstract: In 2011, the annual growth rate of euro area M3, which had turned positive in 2010 (1.7%), increased up until the summer of 2011 before falling back to 1.5% at the end of the year. Meanwhile, the French contribution to M3 stood at 3.3%, down sharply from the previous year (6.6%). Loans to the non-financial private sector continued to grow in France at a faster pace than in the euro area.

Keywords: money; lending for house purchases; loans to enterprises. (search for similar items in EconPapers)
JEL-codes: D14 D21 E51 (search for similar items in EconPapers)
Date: 2012
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