Madagascar | 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
Republic of Madagascar
Records
63
Source
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Madagascar | Broad money growth (annual %)
1960
1961
1962
3.95629239 1963
9.93113447 1964
6.85789647 1965
8.51589016 1966
15.68382144 1967
7.28260335 1968
9.29689111 1969
15.6266376 1970
6.14553497 1971
11.76731794 1972
3.94089423 1973
20.8126902 1974
1.86911339 1975
15.96507155 1976
13.62910619 1977
15.69214033 1978
10.21391631 1979
20.59791689 1980
23.92779451 1981
8.89422734 1982
-9.09345076 1983
24.02544979 1984
13.26929932 1985
25.62196628 1986
18.44914253 1987
22.43703951 1988
33.68732339 1989
4.48110425 1990
31.10719192 1991
22.26005557 1992
24.2204423 1993
52.55017205 1994
16.21575693 1995
15.95373931 1996
20.81791614 1997
6.19267545 1998
19.1798182 1999
17.15346754 2000
23.8280965 2001
7.956905 2002
8.8139421 2003
25.22385031 2004
2.24655887 2005
30.91571417 2006
21.30814728 2007
12.23681894 2008
10.11318017 2009
11.75677989 2010
16.93845264 2011
7.5709889 2012
3.64769584 2013
10.77832792 2014
16.52724631 2015
18.47923458 2016
18.09891823 2017
11.95693577 2018
6.97820164 2019
11.04838579 2020
10.93939632 2021
13.74418243 2022
Madagascar | 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
Republic of Madagascar
Records
63
Source
Create chart Download showed records Download Full dataset