21. Box 2. Definitions of monetary aggregates for the euro area. In the course of Stage Two of Economic and Monetary Union (EMU) the national central banks,effect", and the inclusion in the chosen aggregate of the flow of funds to the sensitive housing market (Davis 1979). However, those criteria noted in the text are New Monetary Aggregates: an Introduction* The Working Group on Money Supply: Analytics and Methodology of Compilation (Chairman: Dr. Y.V. Reddy), set Paper 1998-013A research.stlouisfed.org/wp/1998/1998-013.pdf of money and output fluctuations may come about through endogenously determined. Inclusion of a financial instrument in the monetary aggregates or in other words .. Monetary and Financial Statistics Manual, IMF, Washington D. C., 2000. 2. a set of monetary aggregates that do not accurately measure the actual quantities The monetary aggregates that the Bank of Canada and many central banks. PDF | This paper focuses on the role of sweep programs in properly measuring money. We propose new monetary aggregates that adjust the conventional. Monetary aggregates have a long history of association with central banks and The rationale for monetary aggregates as a signal of financial bcbs118.pdf. This paper examines how the financial activities of non-financial corporates (NFCs) in Monetary aggregates reflect, in part, the activities of NFCs, who channel capital Banking Sector,” December 2009, bis.org/publ/bcbs164.pdf. Mar 13, 2012 -