Monetary and Financial Statistics (MFSX)

Source details

Target audience: Central bank officials, officials from financial regulatory agencies responsible for compiling monetary statistics, as well as users interested in understanding key conceptual framework and compilation process.
Qualifications: Some knowledge of economics or statistics or equivalent experience is helpful.

Based on the 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG).
Provides an introduction to the compilation of monetary statistics covering:
- Central bank (CB)
- Other depository corporations (ODCs)
- Other financial corporations (OFCs)
Discusses:
- Principles of residency and sectoring of institutional units
- Characteristics and types of financial instruments
- Valuation principles and other accounting issues relevant to compiling monetary statistics
- Defining characteristics of depository corporations (DCs), notably their role as money issuers
- Principles for analysis of monetary and credit aggregates
- Structure and components of sectoral balance sheets for CB, ODCs, and OFCs and links to compilation of analytical surveys
Emphasizes the OFCs sector's relevance for compiling broader and often more reliable measures of liquidity available in an economy and financing extended to the nonfinancial sectors and nonresidents by financial corporations.

Describe the scope and use of MFS, including the source data for monetary statistics and the compilation process.
Explain the conceptual framework underlying MFS compilation, focusing on sectoring, classification and valuation of financial instruments, as well as accounting principles.
Understand the different measures of money supply and other key aggregates, as well as their compilation methods from sectoral balance sheets of financial corporations.
Become familiar with the structure and components of central bank, other depository corporations, and other financial corporations sectoral balance sheets and link them to the compilation of the analytical surveys.