The Money Supply
aggregate M3 decreased by 0.2 percent, from AED1645.4 billion at the end of June 2019 to AED1642.5 billion at the end of July 2019.
The significant positive relation is observed between money supply
and stock market whereas the relationship of the exchange rate (as nominal effective exchange rate) and stock prices negatively related to each other (Horobet and Dumitrescu, 2008).
The Money Supply
aggregate M2 increased by 1.6 per cent, from Dh1288.4 billion at the end of November 2018 to Dh1308.4 billion at the end of December 2018.
The money supply
in Kazakhstan in 2017 decreased by 1.7 percent to 19.4 trillion tenges, the monetary base expanded by 7.3 percent and amounted to 5.5 trillion tenges.
While relative price stability or inflation control is the BSP's primary mission, its actions affecting money supply
also influence GDP growth, which in turn affects the rate at which our economy can generate jobs.
The decline in money supply
indicates bank lending to private and public sectors is falling, due to decrease in domestic demand.
Figure 2 shows the positive trend of the money supply
during the observation period (2007.1-2017.7).
The apex bank also said that the slowing rate of money supply
would however not affect the country's relatively fast growth.
The rise in Money Supply
Aggregate M1 is attributable to an increase of Dh2.4 billion in cash deposits while the decline in Money Supply
Aggregate M2 came as a result of the decrease in near-cash deposits.
The analysis distinguishes between short- and long-run causality, and, importantly for the conclusions of this paper, identifies the long-run relationship between output and the money supply
. The short-run relationship is identified using pairwise Granger causality tests for non-cointegrated time series.
Dubai: The UAE Central Bank said on Sunday the Money Supply
, commonly referred to as M1, increased by 0.6 per cent due to a rise in deposits.
Broad Money Supply
(M2) on the other hand rose 7.9% to reach RO 15.21 billion during the period as against RO 14.1 billion last year, according to data released by the National Centre for Statistics and Information (NCSI).