Virtual : Monetary and Financial Statistics - Advanced (MFS-A)

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Presented by the Statistics Department.
Introduces the fundamentals of compiling monetary statistics, with special attention to other financial corporations (OFCs).
Gives an overview of financial statistics and national accounts.
Course material is based on the Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG).
Assumes participants already understand the main principles underlying the compilation of monetary statistics (e.g., having participated in the MFS-I course).
Core focus:
- Characteristics of various OFCs (insurance corporations, pension funds, non-MMF investment funds, etc.).
- Typical balance sheet structure of OFCs.
- Role of OFCs in the financial sector.
Also covers:
- Financial statistics addressing financial flows and stocks of all sectors of the domestic economy and their interactions with the rest of the world.
- The balance sheet approach to vulnerability analysis.
- Relationships between monetary, balance of payments, government finance, and national accounts statistics.
Teaching methods: Lectures and case studies to familiarize participants with practical aspects of compiling monetary statistics for OFCs and the basic principles underlying the compilation of national accounts.
End-of-course requirement: Participants are expected to make a short presentation on monetary statistics compilation issues in their own countries.

Upon completion of this course, participants should be able to:

Describe the role of OFCs in the financial sector and the related implications of data collection for monetary statistics purposes.
Distinguish between different types of OFCs.
Compile OFC monetary statistics according to IMF standardized report form 4 SR for OFCs.
Apply the main principles of financial statistics and national accounts.