Monetary financial institutions (MFI) - Financial definition
Financial acronyms
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Concise definition of the term monetary financial institutions
Monetary Financial Institutions, as defined by the European Central Bank, are all financial institutions which together form the money issuing sector of the euro area.
Comprehensive definition of the term monetary financial institutions
MFIs include:
- the European Central Bank,
- the national central banks of the euro area countries,
- and credit institutions
- certain other financial institutions that receive deposits and/or close substitutes for deposits from the public and, for their own account, grant credit and/or make investments in securities