M3 comprises M2 plus repurchase agreements, money market fund shares and money market paper, and debt securities up to two years.
Copyright, 2014, International Monetary Fund. Reprinted with permission.
Source: International Monetary Fund
Release: International Financial Statistics
International Monetary Fund, M3 for Euro Area© [MYAGM3EZM196N], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/MYAGM3EZM196N/, December 1, 2015.