Claims on government and other public entities usually comprise direct credit for specific purposes such as financing of the government budget deficit or loans to state enterprises, advances against future credit authorizations, and purchases of treasury bills and bonds. Public sector deposits with the banking system also include sinking funds for the service of debt and temporary deposits of government revenues.
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere.
Consumer price index reflects the change in the cost to the average consumer of acquiring a fixed basket of goods and services. In general, a Laspeyres index formula is used.
GDP implicit price deflator is defined as the price index that measures the change in the price level of GDP relative to real output.
Money and quasi money comprise the sum of currency outside banks, demand deposits other than those of the central government, and the time, savings, and foreign currency deposits of resident sectors other than the central government. This definition is frequently called M2.
Net domestic credit is the sum of net credit to the nonfinancial public sector, credit to the private sector, and other accounts.
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities.
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