High-Powered Money
/ˌhaɪ ˈpaʊərd ˈmʌni/
Definitions
- (n.) Currency issued by a central bank including reserves held by commercial banks, serving as the monetary base influencing money supply and credit in the economy.
The central bank increased high-powered money to stimulate economic growth.
Forms
- high-powered money
Related terms
See also
Commentary
Term is key in monetary law and policy, describing the foundation of money supply; often used in drafting to distinguish base money from broader money aggregates.
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