Denmark | Broad money growth (annual %)

Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
Kingdom of Denmark
Records
63
Source
Denmark | Broad money growth (annual %)
1960
1961 9.57272377
1962 8.9916817
1963 12.42529478
1964 10.19359937
1965 9.74282082
1966 12.91136985
1967 9.45416283
1968 12.76646879
1969 10.57522218
1970 4.82238884
1971 8.8719316
1972 13.36598548
1973 13.62850843
1974 8.42904342
1975 26.94526064
1976 11.72929466
1977 9.28311409
1978 6.43820014
1979 10.21467154
1980 11.71181955
1981 10.84528841
1982 11.07143049
1983 27.79209477
1984 17.20846292
1985 18.36056154
1986 9.41614758
1987 6.50857191
1988 5.53210112
1989 1.32056016
1990 6.52659225
1991 3.9308021
1992 -0.73993975
1993 19.70661729
1994 -9.95117259
1995 6.21268825
1996 8.14356187
1997 6.81873382
1998 3.32547138
1999 -0.89205198
2000 -5.16516872
2001 3.56512098
2002 4.24160849
2003 -2.17469051
2004 2.72736883
2005 14.41704113
2006 11.47894432
2007 17.16567425
2008 7.00027065
2009 4.5286675
2010 7.87826551
2011 -5.9362001
2012 2.04830211
2013 -9.37354207
2014 14.10322643
2015 9.91131631
2016 -7.20490658
2017 5.16118021
2018 1.5009068
2019 5.80775708
2020 9.8395446
2021 -1.04652285
2022 10.90252755

Denmark | Broad money growth (annual %)

Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
Kingdom of Denmark
Records
63
Source