Financial Stability Analysis: What are the Data Needs?

July 10, 2017

Preview Citation

Format: Chicago

Robert M Heath, and Evrim Bese Goksu. Financial Stability Analysis: What are the Data Needs?, (USA: International Monetary Fund, 2017) accessed September 19, 2024

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.

Subject: Financial sector policy and analysis, Financial sector risk, Financial sector stability, Financial services, Financial stability assessment, Shadow banking, Stress testing

Keywords: Banking, BIS database, BIS note, BIS research, Credit, Data gaps, Debt, Economy, Financial interconnections, Financial sector, Financial sector risk, Financial sector stability, Financial stability, Financial stability assessment, Foreign currency, G20 industrial nations, Global, Global financial crisis, IMF G-20 report, IMF's FSAP, IMFS FSAP, Implementing economy, International debt securities, Macroeconomic statistical manuals, Macro-prudential analysis, Market, Market conduct regulation, Market participant, Market price, Original maturity, Shadow banking, Spillovers, Stress testing, WP

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2017/153
Stock No:

WPIEA2017153
ISBN:

9781484306215
ISSN:

1018-5941

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