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mon·etary ˈbase SOST

monetary base SOST INV FIN

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Additionally, the velocity of the monetary base is interest rate sensitive, the highest velocity being at the highest interest rates.
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Normally, a country's central bank would allow its monetary base to decrease and its interest rates to rise.
en.wikipedia.org
It is the number of dollars of money supply that can be created for every dollar of monetary base.
en.wikipedia.org
These institutions change the monetary base through open market transactions: the buying and selling of government bonds.
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Let the monetary base be normalized to unity.
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Instruments of monetary policy have included short-term interest rates and bank reserves through the monetary base.
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Thus, to grow the local monetary base an equivalent amount of foreign currency must be held in reserves with the currency board.
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The adjusted monetary base has increased from approximately 400 billion dollars in 1994, to 800 billion in 2005, and over 3000 billion in 2013.
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Purchasing treasury securities increases the monetary base (because it pays out hard currency in exchange for accepting securities).
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This rather sudden contraction of the monetary base after three currency and rampant speculation based on debt led to the panic of 1819.
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