broad moneyn.
/ˈbrɔːd ˌmʌni/, U.S. /ˈbrɔd ˌməni/, /ˈbrɑd ˌməni/ Economics.
A measure of the amount of money available in an economic system, according to a broad definition of money (cf. M n. 12). Contrasted with narrow money n.
ΘΠ
society > trade and finance > management of money > management of national resources > [noun] > political economy > types of economic system > amount available in economic system
narrow money1966
1970 Jrnl. Polit. Econ. 78 1347 This coefficient represents an estimate of the short-run wealth effect; it is .142 for broad money and .143 for narrow money in this experiment.
1981 Banker July 48/2 In this case it is the velocity of broad money eg M3, that is relevant, not narrow money.
2005 Daily Tel. 4 July 16/3 The evidence is that broad money grows about two per cent faster than nominal gross domestic product.
This entry has been updated (OED Third Edition, December 2022).
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