An Integrated Framework for Financial Positions and Flows on a From-Whom-To-Whom Basis: Concepts, Status, and Prospects
IMF Working Papers, February 1, 2012
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- An Integrated Framework for Financial Positions and Flows on a From-Whom-To-Whom Basis: Concepts, Status, and Prospects
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Bibliographic details
- Authors: Segismundo Fassler, Manik L. Shrestha, Reimund Mink
- Published: February 1, 2012
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781463937751.001
Overview
- Purpose: Sets the background for promoting internationally coordinated efforts for compiling and disseminating data on sectoral financial positions and flows on a from-whom-to-whom basis within the framework of the System of National Accounts.
- Motivation: The global crisis of 2008 highlighted the need to understand financial interconnectedness among the various sectors of an economy and between them and their counterparties in the rest of the world.
- Approach: Draws on actual experiences in compiling these kinds of data and provides guidelines for their development in the future.
Key Findings and Contributions
- Identifies lack of adequate data as a major impediment to applying from-whom-to-whom analysis of financial interconnectedness.
- Emphasizes integrating sectoral financial positions and flows within the System of National Accounts framework.
- Provides guidelines based on actual compilation experiences for future development and dissemination of such data.
Subject Areas and Keywords
- Subject: Financial institutions, Financial instruments, Financial statements, Fiscal accounting and reporting, National accounts, Public financial management (PFM), Securities
- Keywords: balance sheet, balance sheet approach, balance sheet weakness, balance sheets, double entry, economic activity, economy, financial accounts, financial activity, financial flows, financial instrument category, financial instrument classification, financial instruments currency, Financial statements, Fiscal accounting and reporting, flow of funds, G20 industrial nations, Global, holding, national accounts, Securities, securities holdings statistics, WP
Policy Implications and Prospects
- Promotes internationally coordinated data compilation and dissemination to improve understanding of financial interconnectedness.
- Recommends developing guidelines and building on compilation experiences to enhance the availability and quality of from-whom-to-whom sectoral financial data.
- Aims to facilitate better analysis of balance sheet positions and financial flows to inform macrofinancial surveillance and policy.