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Sunday, March 28, 2010

Determinants of Money

Narrowly-defined money is heavily influenced by central banks.

Instead, depositors, banks, financial and public institutions play a crucial role for broad money aggregates.

International money quantity, i.e. the national quantities of money converted in one common currency at the prevailing nominal exchange rates, is completely out of control.

With respect to the general economic climate, a booming economy usually exhibits a high growth of money quantity. By contrast, in hyperinflation, real money is drastically squeezed.

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