Institutional Sector Accounts-Advanced

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Institutional Sector Accounts-Advanced

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Bibliographic details

• Session: CT 24.09
• Location: Beijing, China
• Dates: June 17-28, 2024 (2 weeks)
• Delivery method: In-person Training
• Primary language: English
• Interpretation language: Chinese

Event logistics and qualifications

• Session No.: CT 24.09 (Institutional Sector Accounts-Advanced).
• Location: Beijing, China.
• Date: June 17-28, 2024 (2 weeks).
• Delivery Method: In-person Training.
• Primary Language: English.
• Interpretation Language: Chinese.
• Qualifications: Participants are expected to have a degree in economics or statistics, or equivalent experience.
• Target Audience: Officials whose main responsibility is compiling national accounts, including financial accounts statistics and balance of payments statistics (specifically responsible for the sectoral accounts, household distribution accounts and accounts on a from-whom-to-whom basis), who are employed by national statistical agencies and central banks.

Course scope and methodology

• Presented by: Statistics Department.
• Conceptual framework: Based on the 2008 System of National Accounts (2008 SNA).
• Coverage:
  • The sequence of accounts of the SNA: current and capital accounts, financial accounts, other changes in volume of assets accounts, revaluation accounts, and balance sheets by institutional sectors.
  • Linkages between institutional sectors to establish from-whom-to-whom accounts.
  • Potential data sources for the compilation of annual and quarterly ISA.
  • Compilation techniques and procedures for sectoral institutional sector accounts and balance sheets.
  • Emerging financial issues such as fintech and crypto assets.
  • Case studies and new applications of ISA, including household distributions to examine income, consumption and wealth accumulation by various cohorts and intergenerational transfers and pensions.
  • The role of ISA in supporting economic policy.

Instructional format and participant engagement

• Lectures: Thorough review of methodological framework, concepts, and definitions relating to sectoral institutional sector accounts and balance sheets.
• Workshops: Practical compilation sessions addressing compilation issues.
• Discussions: Emerging financial issues and country practices.
• Peer exchange: Forum for participants to share country practices and experiences relating to compilation of sectoral institutional accounts and balance sheets.

Course objectives and expected competencies

• Develop from-whom-to-whom financial flow and balance sheet accounts.
• Construct household distributional tables.
• Understand the link between financial and non-financial statistics to develop an integrated approach to compiling data on financial economic activities, financial transactions, and balance sheets by institutional sector.
• Analyze the ISA through a from-whom-to-whom lens in recognition of the counterparties that exist as party to transactions within the accounts.
• Apply the acquired knowledge on concepts and methodology to identify data gaps as well as strengths and weaknesses in existing data.
• Explain to policymakers the importance and relevance of compiling ISA and balance sheets for the analysis of economic and financial developments.

References

• In-person Training
• Core Elements of Banking Supervision (CBS)
• Advanced Government Finance Statistics (GFS-A)
• Fiscal Sustainability (FS)
• Safeguards Assessments of Central Banks (SAC)
• Macroeconomic Management in Resource Rich Countries (MRC)