ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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State-Level Money Stock Measures-An Estimate

K A Menon This paper attempts, for the first time, to present information on two important money stock measures, M1 and M3, for the States and Union Territories, Monetary statistics at present compiled and published by the Reserve Bank relate to monetary aggregates on an all-India basis. The spatio-temporal movements in money stock measures and their causative factors are subsumed in these data, rendering it difficult to study State level trends.

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