Money & Credit: Monetary Aggregates in Eurozone

Transcription

1 Money & Credit: Monetary Aggregates in Eurozone December 29, 217 Dr. Edward Yardeni Debbie Johnson Mali Quintana Please visit our sites at www. blog. thinking outside the box

2 Table Of Contents Table Of Contents Money Aggregates: Eurozone 1-2 Money Aggregates: Eurozone Countries 3 Money Aggregates: Eurozone, France 4 Money Aggregates: Germany, Greece Money Aggregates: Ireland, Italy 6 Money Aggregates: Netherlands, Portugal 7 Money Aggregates: Spain 8 December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

3 Figure 1. MONETARY AGGREGATES*: EUROZONE (billion euros, sa) M2 ( ) Money Aggregates: Eurozone Source: European Central Bank and Haver Analytics. 2 Figure 2. MONETARY AGGREGATES*: EUROZONE (yearly percent change) M1 (9.1) 2 1 M2 (.3) M3 (4.9) Source: European Central Bank and Haver Analytics. Page 1 / December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

4 Money Aggregates: Eurozone Figure 3. M3: EUROZONE (billions of euros, sa) Germany France Italy Spain Greece Portugal Ireland Source: Haver Analytics. 1 Page 2 / December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

5 Figure 4. Money Aggregates: Eurozone Countries M2 MONETARY AGGREGATES*: EUROZONE (yearly percent change) France (=9.3) Greece (=2.8) Ireland (=.) Portugal (=8.4) Germany (=4.6) Italy (=4.7) Netherlands (May=-1.2) Spain (=1.8) Source: Bank of Greece, Duetsche Bundesbank, Banque de France, Banco de Portugal, Banca d Italia, Banco de Espana, De Nederlandsche Bank, Central Statistics Office Ireland, and Haver Analytics. 4 4 Figure. M3 MONETARY AGGREGATES*: EUROZONE (yearly percent change) France (=7.9) Greece (=2.) Ireland (=3.8) Portugal (=7.3) Germany (=4.4) Italy (=4.7) Netherlands (May=-1.1) Spain (=1.7) Source: Bank of Greece, Duetsche Bundesbank, Banque de France, Banco de Portugal, Banca d Italia, Banco de Espana, De Nederlandsche Bank, Central Statistics Office Ireland, and Haver Analytics. Page 3 / December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

6 2 1 Figure 6. Money Aggregates: Eurozone, France MONETARY AGGREGATES*: EUROZONE (yearly percent change) M1 (9.1) M2 (.3) M3 (4.9) Source: European Central Bank and Haver Analytics. 2 1 Figure 7. MONETARY AGGREGATES*: FRANCE (yearly percent change) M1 (14.) M2 (9.3) M3 (7.9) Source: Banque de France and Haver Analytics. Page 4 / December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

7 3 2 Figure 8. Money Aggregates: Germany, Greece MONETARY AGGREGATES*: GERMANY (yearly percent change, sa) M1 (7.3) M2 (4.6) M3 (4.4) Source: Duetsche Bundesbank and Haver Analytics. Figure 9. MONETARY AGGREGATES*: GREECE (yearly percent change) M1 (4.) M2 (2.8) M3 (2.) Source: Bank of Greece and Haver Analytics. Page / December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

8 4 3 Figure 1. Money Aggregates: Ireland, Italy MONETARY AGGREGATES*: IRELAND (yearly percent change) M1 (9.) M2 (.) M3 (3.8) Source: Central Statistics Office Ireland and Haver Analytics. 2 1 Figure 11. MONETARY AGGREGATES*: ITALY (yearly percent change) M1 (8.6) M2 (4.7) M3 (4.7) Source: Banca d Italia and Haver Analytics. Page 6 / December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

9 2 2 Figure 12. Money Aggregates: Netherlands, Portugal MONETARY AGGREGATES*: NETHERLANDS (yearly percent change) M1 (-4.4) M2 (-1.2) M3 (-1.1) May Source: De Nederlandsche Bank and Haver Analytics Figure 13. MONETARY AGGREGATES*: PORTUGAL (yearly percent change) M1 (14.1) M2 (8.4) M3 (7.3) Source: Banco de Portugal and Haver Analytics. Page 7 / December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

10 3 2 2 Figure 14. Money Aggregates: Spain MONETARY AGGREGATES*: SPAIN (yearly percent change) M1 (14.7) M2 (1.8) M3 (1.7) Source: Banco de Espana and Haver Analytics. Page 8 / December 29, 217 / Money & Credit: Monetary Aggregates in Eurozone www.

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