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Agregados Monetarios: Nuevas Definiciones

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  • Erika Arraño G.

Abstract

Central bankers have devoted considerable efforts to monitoring and analyzing the various measures of money. In Chile, the definitions of monetary aggregates—barring a few minor changes—have been in place since the 1980s and range from M1 to M7, a departure from international practices and standards. This situation has prompted the Central Bank of Chile to regroup and redefine money aggregates, reducing them to three categories—from M1 to M3—together with extending the coverage of its instruments.

Suggested Citation

  • Erika Arraño G., 2006. "Agregados Monetarios: Nuevas Definiciones," Economic Statistics Series 53, Central Bank of Chile.
    • Handle: RePEc:chb:bcchee:53
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    References listed on IDEAS

    as
    1. Sean Collins & Clive Thorp & Bruce White, 1999. "Defining money and credit aggregates: theory meets practice," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, June.
    2. Joseph Atta-Mensah, 2000. "Recent Developments in the Monetary Aggregates and Their Implications," Bank of Canada Review, Bank of Canada, vol. 2000(Spring), pages 3-10.
    3. Jose De Gregorio, 2003. "Dinero e Inflación: ¿En Qué Estamos?," Working Papers Central Bank of Chile 201, Central Bank of Chile.
    4. Dinah Maclean, 2001. "Analyzing the Monetary Aggregates," Bank of Canada Review, Bank of Canada, vol. 2001(Summer), pages 31-43.
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