Causal Relations among the Sources of Money Supply the Portuguese Case

  • Mario Antao
Conference paper
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)

Abstract

The global monetary situation of a national economy is usually simply expressed by the following CBS (consolidated banking system) equation:
$$ DLX + CLSP + CLEP = M2 + DIV $$
(1)
where DLX is net foreign reserves, CLSP is net credit to the public administrative sector, CLEP is net internal credit to the private sector made up of companies and private individuals, M2 is the volume of monetary assets held by the private sector and DIV are sundry items.

Keywords

Covariance Income Autocorrelation Clarification Veri 

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Copyright information

© Springer-Verlag Berlin Heidelberg 1988

Authors and Affiliations

  • Mario Antao
    • 1
  1. 1.University of Lisboa (ISE)Portugal

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