Current account deficit in the domestic economy leads to gold outflow from the domestic economy, which causes inflation in the domestic economy

Current account deficit in the domestic economy leads to gold outflow from the domestic economy, which causes deflation in the domestic economy

Current account deficit in the domestic economy leads to gold inflow to the domestic economy, which causes inflation in the domestic economy

Current account deficit in the domestic economy leads to gold inflow to the domestic economy, which causes deflation in the domestic economy

Increase in M2 money aggregate

Decrease in the monetary base

Decrease in M1 money aggregate

Increase in the monetary base

Current account deficit in the domestic economy leads to gold outflow from the domestic economy, which causes inflation in the domestic economy

Current account deficit in the domestic economy leads to gold outflow from the domestic economy, which causes deflation in the domestic economy

Current account deficit in the domestic economy leads to gold inflow to the domestic economy, which causes deflation in the domestic economy

Increase in the future expected nominal exchange rate of domestic currency (agents expect that nominal exchange rate of domestic currency depreciates in future) ceteris paribus causes nominal exchange rate of domestic currency to appreciate.

Increase in domestic interest rate ceteris paribus causes domestic currency nominal exchange rate to depreciate.

Increase in domestic interest rate ceteris paribus causes the nominal exchange rate of domestic currency to appreciate.

Increase in foreign interest rate ceteris paribus causes the nominal exchange rate of domestic currency to depreciate.

Expanding M1 money aggregate

Decreasing the minimum reserve requirements

Selling security to a commercial bank

Providing a loan to a commercial bank