Analysis of Central Bank Money and Its Subcomponents Between 2002 and 2009

Alper Yakupoğlu
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Alper Yakupoğlu: Kadir Has University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2011, vol. 26, issue 90, 23-40

Abstract: In this paper, the most important indicator of money supply, Central Bank Money and its subaccounts stated in the liabilities of Central Bank Balance Sheet, will be analyzed for the period of 2002-2009. Central Bank Money and its subaccounts are a significant indicator for the money created by the Central Bank. The aggregates of Emission, Reserve Money, Monetary Base and Central Bank Money are analyzed successively. First the change of these aggregates will be analyzed and then by calculating their ratio in the Central Bank Balance Sheet the level of monetary expansion will be determined.

Keywords: Central bank; monetary aggregates; central bank money (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:26:y:2011:i:90:p:23-40

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