


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.

Statistical
Theme: Financial statistics 
Created
on Thursday, August 22, 2002 












