Money and quasi money (M2) to total reserves ratio in Denmark

The Money and quasi money (M2) to total reserves ratio in Denmark was last reported at 3.48 in 2010, according to a World Bank report released in 2011. The Money and quasi money (M2) to total reserves ratio in Denmark was 3.76 in 2009, according to a World Bank report, published in 2010. The Money and quasi money (M2) to total reserves ratio in Denmark was reported at 6.69 in 2008, according to the World Bank. Money and quasi money comprise the sum of currency outside banks, demand deposits other than those of the central government, and the time, savings, and foreign currency deposits of resident sectors other than the central government. This definition is frequently called M2; it corresponds to lines 34 and 35 in the International Monetary Fund's (IMF) International Financial Statistics (IFS). Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices.This page includes a historical data chart, news and forecasts for Money and quasi money (M2) to total reserves ratio in Denmark. With very few natural resources, Denmark industrialized market economy depends on imported raw materials and foreign trade. Within the European Union, Denmark advocates a liberal trade policy. Its standard of living is among the highest in the world.

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