In Britain, for example, despite continued quantitative easing, the broad measure of money supply fell by 4.1% in the year to August.

ECONOMIST: Gold remains popular, despite the doubts of economists

In the year to December, the broad measure of money supply fell by 0.2% in the euro zone and grew by just 3.4% in America.

ECONOMIST: Buttonwood

The broad M2 measure of money supply grew by 19.7%, exceeding the official target of 17%.

FORBES: China's Currency Conundrum