World Tables Variables

MONETARY HOLDINGS

Money supply, broadly defined

Comprises the monetary and quasi-monetary liabilities of a country's financial institutions to residents other than the central government.

Money

The sum of currency outside banks plus demand deposits held in the financial system by the rest of the domestic economy, other than central government.

Currency outside banks

Comprises bank notes and coin accepted as legal tender in the domestic economy, excluding amounts held by the monetary system, central government, and nonresidents.

Demand deposits

Deposits payable on demand. Typically comprises accounts transferable by checks and any alternative instruments, forms, and mechanisms for transferring money.

Quasi-money

Comprises time and savings deposits, and similar bank accounts that the issuer will readily exchange for money. Where nonmonetary financial institutions are important issuers of quasi-monetary liabilities, these are also included in the measure of monetary holdings.