Monetary - Ecuador - BCE - Monetary Indicators

This dataset includes the Ecuador Main Monetary Indicators. Deposits Demand refers to deposits received into current accounts by banking institutions, required by means of the submission of checks or other payment and registration mechanisms. Money supply is defined as the amount of money immediately available to agents so that they may carry out transactions; accounting-wise, narrow money is the sum of the monetary species in circulation and the deposits into current accounts. Quasi - Money corresponds to deposit taking of Other Depository Corporations, that without being of immediate liquidity, signifies a "second line" of payment means at the public's disposal. It is comprised of savings deposits, installments, repo, card holder funds and other deposits. M2 is the total liquidity, or broad money, includes money supply and quasi-money. The monetary base or high-powered money is defined accounting-wise as the sum of the currency issue and the reserve money. The monetary multiplier is a factor that, given certain determinants, allows for the creation of secondary money, the result of an expansion process of the assets and liabilities of the financial system.