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Composition of Money Supply Growth (Net foreign assets, reserves)

Identifies the sources of the year-to-year change in the broad money supply (M2), disaggregated into five categories: (1) net domestic credit to the public sector, (2) net domestic credit to the private sector, and (3) net foreign assets (reserves), (4) net credit to non-financial public enterprises, and (5) other items, net. Each component is expressed as a percentage of the annual change (December to December) in M2. Constructed using national data sources or IMF Article IV consultation reports: http://www.imf.org/external/np/sec/aiv/index.htm.

Source: IMF Article IV consultation reports