Financial Stability Analysis: What are the Data Needs?

Author/Editor:

Robert M Heath ; Evrim Bese Goksu

Publication Date:

July 10, 2017

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

The growing incidences of financial crises and their damage to the economy has led policy makers to sharpen the focus on financial stability analysis (FSA), crisis prevention and management over the past 10–15 years. The statistical world has reacted with a number of initiatives, but does more need to be done? Taking a holistic view, based on a review of experiences of policy makers and analysts, this paper identifies common international threads in the data needed for FSA and suggests ways to address these. While there has been an encouragingly constructive response by statisticians, not least through the G-20 Data Gaps Initiative, more work is needed, including with regard to shadow banking, capital flows, corporate borrowing, and granular data. Further, to support FSA, the paper identifies potential enhancements to the conceptual advice in statistical manuals including with regard to foreign currency and remaining maturity.

Series:

Working Paper No. 17/153

Subject:

English

Publication Date:

July 10, 2017

ISBN/ISSN:

9781484306215/1018-5941

Stock No:

WPIEA2017153

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

64

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