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VELOCITY (OF MONEY)

Statistics Directorate    
Definition:
The average number of times a measure of money (as captured, for instance, by a monetary aggregate) turns over within a specified period of time. The income velocity of circulation is typically calculated as the ratio of a monetary aggregate to nominal GDP.

Source Publication:
A glossary of terms used in payments and settlement systems, July 2001, Committee on Payment and Settlement Systems, Bank for International Settlements.

Hyperlink:
http://www.bis.org/publ/cpss00b.pdf

Statistical Theme: Financial statistics

Created on Thursday, August 22, 2002