What is base money?

Some articles on base money, base, money:

Central Bank Of The Islamic Republic Of Iran - Central Bank Balance Sheet
... central bank participation papers (CPPs) -134,701 -246,737 Base money 556,925 556,925 Currency 206,352 200,745 -Currency in circulation 157,764 153,478 -Cash in vaults 48,588 47,268 ...
Monetary Base
... In economics, the monetary base (also base money, money base, high-powered money, reserve money, or, in the UK, narrow money) is a term relating to (b ... The monetary base is highly liquid money that consists of coins, paper money (both as bank vault cash and as currency circulating in the public), and commercial banks' reserves with the central bank ... Measures of money are typically classified as levels of M, where the monetary base is smallest and lowest M-level M0 ...
Pushing On A String - Monetary Policy
... of monetary policy, particularly that the money multiplier is an inequality, a limit on money creation, not an equality ... In modern economies with fractional-reserve banking, money creation follows a two stage process ... First, a central bank introduces new base money into the economy (termed 'expansionary monetary policy') by purchasing financial assets from or lending money to financial institutions ...
Ordinary Seigniorage - Solvency Constraints of Central Banks
... are liabilities only in name, as they are irredeemable the holder of base money cannot insist at any time on the redemption of a given amount of base ...

Famous quotes containing the words money and/or base:

    The best time to start giving your children money is when they will no longer eat it. Basically, when they don’t put it in their mouths, they can start putting it in their bank.
    Barbara Coloroso (20th century)

    The base of all artistic genius is the power of conceiving humanity in a new, striking, rejoicing way, of putting a happy world of its own creation in place of the meaner world of common days, of generating around itself an atmosphere with a novel power of refraction, selecting, transforming, recombining the images it transmits, according to the choice of the imaginative intellect. In exercising this power, painting and poetry have a choice of subject almost unlimited.
    Walter Pater (1839–1894)