Quasi-money
Quasi-money is defined as M3 minus M1. It includes highly liquid financial assets that are not immediately usable for payments but can be quickly converted into cash or demand deposits at low cost, typically covering savings deposits, small time deposits, and foreign-currency deposits held by residents. As a component of broad money, it is a key monetary aggregate for analyzing liquidity and financial intermediation. This indicator is part of the Inter-American Development Bank (IDB) Latin Macro Watch for Latin America and the Caribbean.
Coverage
Quasi-money is available for 19 countries across Latin America and the Caribbean at annual, monthly, and quarterly frequency, covering 1990 to 2026. Values are provided in millions of domestic currency, millions of USD, as a share of GDP (% of GDP), and at constant prices (CPI-deflated), with average-of-period and end-of-period variants. Transformations include moving averages (MA3, MA6, MA12) and month-over-month (MoM %), quarter-over-quarter (QoQ %), and year-over-year (YoY %) changes.
Sources
Series are based on internal calculations using data from national central banks, including Banco Central do Brasil, Banco de Mexico, Banco de la República de Colombia, Banco Central del Ecuador, and SECMCA. The Latin Macro Watch standardizes these monetary aggregates so analysts and policymakers can compare quasi-money and broad-money dynamics across the region on data.iadb.org.
Metadata & use
| Format | CSV |
|---|---|
| Language | en |
| Country |
Argentina
Bahamas
Trinidad & Tobago
Belize
Costa Rica
Dominican Republic
Ecuador
Bolivia
Brazil
Chile
Colombia
El Salvador
Jamaica
Mexico
Nicaragua
Guatemala
Guyana
Haiti
Honduras
Panama
Uruguay
Venezuela
Barbados
Paraguay
Peru
Suriname
|
| Data notes |
What does Quasi-money measure?Quasi-money is defined as M3 minus M1. It captures highly liquid assets that are not immediately usable for payments but can be quickly converted into cash or demand deposits, typically savings deposits, small time deposits, and resident foreign-currency deposits. How many countries and which frequencies and periods are covered?Quasi-money is available for 19 countries across Latin America and the Caribbean at annual, monthly, and quarterly frequency, covering 1990 to 2026. What units and transformations are available?Values are available in millions of domestic currency, millions of USD, as a share of GDP, and at constant prices (CPI-deflated), with average-of-period and end-of-period variants. Transformations include MA3, MA6, MA12 moving averages and MoM %, QoQ %, and YoY % changes. Where does the quasi-money data come from?Series are based on internal calculations using data from national central banks, including Banco Central do Brasil, Banco de Mexico, Banco de la República de Colombia, Banco Central del Ecuador, and SECMCA, then standardized by the IDB Latin Macro Watch. What are typical uses of this indicator?Analysts use quasi-money to study monetary aggregates and broad money, assess liquidity and financial intermediation, gauge dollarization through foreign-currency deposits, and compare monetary conditions across the region. How do I cite this indicator?Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "Quasi-money". data.iadb.org/dataset/latin-macro-watch-dataset. |