|
Table 5 Money stock
|
Kr. billion
|
Notes
and
coin1)
|
Demand
deposits
|
Time
deposits
with a
maturity
< 2 years
|
Deposits
with a
period
of notice
< 3 months
|
Repurchase
agreements
|
Debt
securities
issued
with
a maturity
< 2 years
|
Money
stock
M3
|
Year-on-year
increase
in money
stock,
per cent
|
|
1993
|
|
25,2
|
268,9
|
113,5
|
17,7
|
0,0
|
4,0
|
429,4
|
…
|
|
1994
| |
28,5
|
251,5
|
109,7
|
14,7
|
2,2
|
4,7
|
411,2
|
-4,2
|
|
1995
|
|
30,1
|
260,8
|
111,5
|
14,0
|
2,1
|
4,3
|
422,8
|
2,8
|
|
1996
|
|
31,1
|
291,7
|
117,9
|
16,2
|
3,5
|
7,0
|
467,4
|
10,5
|
|
1997
|
|
32,6
|
310,9
|
126,1
|
15,1
|
2,5
|
17,3
|
504,5
|
7,9
|
|
1998
|
|
33,9
|
333,2
|
121,9
|
14,9
|
1,9
|
17,4
|
523,2
|
3,7
|
|
1999
|
|
36,1
|
341,8
|
111,0
|
12,9
|
4,3
|
17,0
|
523,2
|
0,0
|
|
2000
|
|
37,4
|
348,6
|
101,6
|
6,9
|
3,3
|
8,7
|
506,4
|
-3,2
|
|
2001
|
|
39,2
|
375,4
|
102,6
|
9,8
|
4,0
|
13,0
|
544,1
|
7,4
|
|
2000
|
Jan
|
34,6
|
358,4
|
110,7
|
13,7
|
6,4
|
8,9
|
532,7
|
3,0
|
|
Feb
|
34,1
|
353,9
|
110,3
|
13,4
|
4,9
|
10,2
|
526,9
|
3,9
|
| |
Mar
|
35,1
|
354,1
|
109,6
|
12,0
|
5,3
|
11,6
|
527,6
|
4,8
|
| |
Apr
|
35,1
|
361,5
|
110,3
|
12,1
|
3,8
|
11,6
|
534,4
|
0,5
|
| |
May
|
35,7
|
364,5
|
114,4
|
11,7
|
6,0
|
12,5
|
544,8
|
1,9
|
| |
Jun
|
36,0
|
357,6
|
123,2
|
11,7
|
0,0
|
12,4
|
540,9
|
4,5
|
| |
Jul
|
36,3
|
354,4
|
115,2
|
8,4
|
8,9
|
3,9
|
527,0
|
-2,0
|
| |
Aug
|
35,9
|
353,8
|
121,1
|
10,1
|
10,5
|
9,4
|
540,8
|
0,3
|
| |
Sep
|
36,1
|
355,7
|
113,0
|
7,1
|
9,6
|
7,4
|
528,8
|
1,3
|
| |
Oct
|
35,5
|
362,8
|
118,5
|
7,2
|
5,9
|
8,4
|
538,2
|
1,2
|
| |
Nov
|
36,4
|
349,1
|
114,4
|
6,3
|
2,9
|
10,0
|
519,1
|
-1,9
|
| |
Dec
|
37,4
|
348,6
|
101,6
|
6,9
|
3,3
|
8,7
|
506,4
|
-3,2
|
|
2001
|
Jan
|
35,7
|
350,2
|
106,8
|
6,9
|
3,6
|
33,7
|
536,9
|
0,8
|
| |
Feb
|
35,6
|
344,4
|
111,0
|
7,3
|
4,1
|
39,5
|
542,0
|
2,9
|
| |
Mar
|
36,4
|
342,0
|
109,3
|
7,6
|
2,6
|
41,0
|
538,9
|
2,1
|
| |
Apr
|
37,1
|
361,2
|
110,3
|
7,8
|
4,4
|
43,1
|
563,9
|
5,5
|
| |
May
|
37,4
|
361,8
|
100,9
|
8,6
|
5,3
|
42,0
|
556,0
|
2,1
|
| |
Jun
|
38,1
|
364,6
|
93,4
|
7,8
|
5,8
|
43,4
|
553,1
|
2,3
|
| |
Jul
|
37,6
|
375,5
|
96,3
|
8,1
|
4,4
|
44,5
|
566,4
|
7,5
|
| |
Aug
|
38,6
|
377,2
|
108,0
|
9,1
|
2,3
|
43,6
|
578,7
|
7,0
|
| |
Sep
|
37,9
|
370,7
|
110,1
|
8,9
|
5,7
|
44,2
|
577,3
|
9,2
|
| |
Oct
|
37,6
|
385,7
|
112,4
|
9,2
|
3,5
|
38,9
|
587,2
|
9,1
|
| |
Nov
|
38,9
|
379,0
|
111,4
|
9,2
|
2,1
|
38,0
|
578,5
|
11,4
|
| |
Dec
|
39,2
|
375,4
|
102,6
|
9,8
|
4,0
|
13,0
|
544,1
|
7,4
|
| Note.: |
The money stock is calculated in accordance with
the ECB's definition of harmonised monetary aggregates: M1, M2,
and M3. This includes residents' short-term deposits with MFIs in
kroner and foreign currencies. Special deposit schemes are
included in the money stock (M2 and M3) to the extent that they
are within the short-term band. Debt securities issued with
original maturity of up to and including 2 years, money-market
fund shares/units and money market papers issued by MFIs are
included in M3. The money stock is determined on the basis of the
consolidated balance sheet of the MFI sector and represents the
MFI sector's liquid liabilities vis-à-vis the money-holding
sectors - i.e. citizens and companies, but excluding the central
government and non-residents, who are regarded as money-neutral in
this connection.
The M1 monetary aggregate is calculated as the sum
of "banknotes and coins" and demand deposits, and the M2
monetary aggregate is calculated as the sum of M1, time deposits
with a maturity < 2 years and deposits with a period of
notice < 3 months.
The MFI sector comprises Danish Monetary
Financial Institutions, i.e. banks and mortgage-credit institutes,
other credit institutions, money market funds and Danmarks
Nationalbank..
|
| 1 |
Banknotes and coins in circulation, excluding MFI
holdings |
|
