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====New Zealand==== [[File:New zealand money supply 1988-2008.jpg|thumb|[[New Zealand]] money supply 1988β2008]] The [[Reserve Bank of New Zealand]] defines the monetary aggregates as:<ref>[https://www.rbnz.govt.nz/statistics/c50-money-and-credit-aggregates Series description β Monetary and financial statistics]. Rbnz.govt.nz.</ref> * '''M1''': notes and coins held by the public plus chequeable deposits, minus inter-institutional chequeable deposits, and minus central government deposits * '''M2''': M1 + all non-M1 call funding (call funding includes overnight money and funding on terms that can of right be broken without break penalties) minus inter-institutional non-M1 call funding * '''M3''': the broadest monetary aggregate. It represents all New Zealand dollar funding of M3 institutions and any Reserve Bank repos with non-M3 institutions. M3 consists of notes & coin held by the public plus NZ dollar funding minus inter-M3 institutional claims and minus central government deposits
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