| المستخلص: |
The monetary policy occupied reat importance in the economical studies and researches as it is considered an important means to achieve the economical constancy in any state of this world by treating the various disequilibria that accompany the economical development and growth of this or that state according to the nature of its different economies money supply is considered as an important means of the monetary policy that the central banks use to achieve their aims which the economical constancy would be the most important one. The monetary policy generally and the money supply particularly have their effect on the macro- economical variables in the different countries. The purpose of the study, in its theoretical and analytical aspects, is to study the effect of money supply, in its different kinds which are represented as (MO, Ml, M2, M3), on the macro-economical variables . To study the effect of money supply on the macro-economical variables in those countries, the following the effect of money supply on the macro-economical variables have been selected: 1. The Gross Domestic Product 2. The Interest Rate 3. The general level of prices. 4. The trade Balance. 5. The total Balance of Payments. 6. The net of Governmental Budget. 7. The Governmental Expenditure. 8. Unemployment. 9. Foreign Exchange Rate . The study included the following states: 1. Canada. 2. Japan. 3.Spain. After Having made the study about those countries, we arrived at the following: Money supply which represented as (the net of the currency in the circulation) is effectual on the macro-economical variables in Spain . The other groups of money supply which are represented as (Ml, M2, M3) effectual on the macro-economical variables in Canada and Japan .
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