2) The underlying cause of the bubble was a sustained acceleration in the growth of the M2 money supply
from 8 percent to 13 percent between 1985 and 1990, along with a parallel surge in bank lending and nonbank credit (from the Jusen or mortgage finance companies, and more generally the practice of Zaitech--credit creation and financial engineering by nonfinancial corporations).
In the aftermath of the 2008/09 global financial crisis, China's M2 money supply
rose an average 24 percent every month in 2009 and 2010.
stock market index is positively associated with M2 money supply
in the short run and negatively affected by M2 money supply
in the long run, and the short-term and long-term interest rates.
The BOJ also said the benchmark M2 money supply
reading, covering cash in circulation, demand and time deposits and certificates of deposit at domestic banks, came to 798.
Yu Xuejun, head of the China Banking Regulatory Commission's Jiangsu provincial branch, said that annual gains in M2 money supply
should not be allowed to exceed 20 per cent under any circumstances.
The study has found the evidence that in India M2 money supply
and output are CI(1,0) cointegrated.
According to Krugman, such an apparent expansionary policy raises the question as to what level of blame can be assigned to the Federal Reserve for the huge decline in the M2 money supply
in this period.
25, 2009 (CENS) -- Taiwan's M2 money supply
Of particular note, M2 money supply
fell at the fastest pace in three months while consumer expectations rose slightly for the first increase since May.
The SAMA report pointed out that there was a decrease in the M2 money supply
(currency in circulation plus demand deposits, other deposits that work like demand deposits and saving deposits) by 0.
In the past six months, M2 money supply
has expanded at over 18 percent on an annualized basis, exceeding the previous peak in the early 1980s.
The bank offered statistics to show that Malaysia's M2 money supply
has expanded, particularly in recent years.
The remainder of Lam's comment concerns lead-lag relationships between various economic variables and the stock market, namely: the level of the Treasury bond yield, the coincident-lagging indicators ratio, the M2 money supply
velocity, and the Job Cycle Leading Index.
Banks in the United States must have all transaction summaries complete in order to determine the Ml and M2 money supply
, and other important statistics.
The Implicit Price deflator, M2 money supply
, and unit labor cost series have all been obtained from the Citibase Data Base.