Training Program

This course aims at the conceptual and practical aspects of compiling monetary statistics focusing on the central bank (CB) and other depository corporations (ODCs) as set out in the 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). The course presents the building blocks of MFS including the concepts of residency and sectorization of institutional units, the characteristics and types of financial instruments, valuation principles, and other accounting issues that are relevant to the compilation of monetary statistics. Participants get familiarized with the defining characteristics of depository corporations (DCs), notably their role as money issuers, and how the sectoral balance sheets of DCs are consolidated and rearranged into analytical presentations with key financial aggregates like credit and money. The course also discusses the treatment of central bank digital currencies and electronic money in MFS and introduces the other financial corporations (OFCs). The course consists of lectures, and exercises emphasizing the practical aspects of compiling monetary statistics for central banks and ODCs using the IMF's standardized report forms (SRFs) and the derivation of the respective analytical presentations from SRFs: central bank survey, ODCs survey, and the DCs survey. Peer learning through sharing of country experiences among the participants is also prominent.