What has Capital Liberalization Meant for Economic and Financial Statistics

April 30, 2015

Preview Citation

Format: Chicago

Robert M Heath. What has Capital Liberalization Meant for Economic and Financial Statistics, (USA: International Monetary Fund, 2015) accessed September 18, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The liberalization of capital flows both in the domestic economy and cross-border has been among the most important policies adopted by IMF member countries over recent decades. The impact has been wide-ranging. This paper looks at the impact on the field of economic and financial statistics in the past two decades, as statisticians have responded to the changing policy needs. The paper considers the historical context of changes that have occurred, draws out the key trends, and asks where these trends might lead statisticians in the foreseeable future. The paper considers that there has been nothing short of a revolution in the field of economic and financial statistics over the past two decades led by a need for greater transparency; greater standardization; new data sets to support understanding of financial interconnections and financial sector risks; and the strengthening of the governance of the statistical function through greater independence of statistical agencies.

Subject: Balance of payments, Capital account liberalization, Data dissemination, Economic and financial statistics, Financial statistics, Special Data Dissemination Standard (SDDS)

Keywords: A number of economy, Balance of payments compiler, Capital account liberalization, Data dissemination, Data dissemination standard, Data dissmination standards, Economic statistics, Economy, Financial crisis, Financial interconnections, Financial sector, Financial statistics, GDDS country, Global, Group of Twenty, IMF paper, IMF staff in consultation, IMF surveillance, Leading indicator, Liberalization, Market, Market reaction, Policy interest, SDDS requirements, SDDS subscription, Special Data Dissemination Standard (SDDS), Transparency, World balance of payments system, WP

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2015/088
Stock No:

WPIEA2015088
ISBN:

9781475520965
ISSN:

1018-5941

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