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A comment on How Fake Money Saved Brazil (2010). Parent comment
M0 - Currency in Circulation, physical coins and notes in public circulation.
MB - Monetary Base, M0 + physical coins and notes held in bank vaults.
M1 - Money, M0 + checking accounts (excludes bank vaults).
M2 - Money and Close Substitutes, M1 + time deposits (CDs, bonds, etc.)
M3 - Broad Money, M2 + money market funds, repurchase agreements, other wacky shit.
Wikipedia has more detail: https://en.wikipedia.org/wiki/Money_supply
Here's a graph of different monies over time: https://upload.wikimedia.org/wikipedia/en/5/58/MB,_M1_and_M2...
On the other hand, credit is very difficult to measure since people borrow and lend from each other all the time.
Interestingly, M2 is larger now than before the 2008 crash, but money+credit is smaller than it had been.
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M0 - Currency in Circulation, physical coins and notes in public circulation.
MB - Monetary Base, M0 + physical coins and notes held in bank vaults.
M1 - Money, M0 + checking accounts (excludes bank vaults).
M2 - Money and Close Substitutes, M1 + time deposits (CDs, bonds, etc.)
M3 - Broad Money, M2 + money market funds, repurchase agreements, other wacky shit.
Wikipedia has more detail: https://en.wikipedia.org/wiki/Money_supply
Here's a graph of different monies over time: https://upload.wikimedia.org/wikipedia/en/5/58/MB,_M1_and_M2...
On the other hand, credit is very difficult to measure since people borrow and lend from each other all the time.
Interestingly, M2 is larger now than before the 2008 crash, but money+credit is smaller than it had been.