{
  "title": "Why are the G-20 Data Gaps Initiative and the SDDS Plus Relevant for Financial Stability Analysis?",
  "publication": "IMF Working Papers, January 11, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/why-are-the-g-20-data-gaps-initiative-and-the-sdds-plus-relevant-for-financial-stability-40227",
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  "summary": "In the wake of the recent global crisis the international community is giving an increased focus on stability of the financial system, so-called financial stability analysis.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Author: Robert M Heath\n- Date: January 11, 2013\n- Core question: What types of data are needed to undertake financial stability analysis in the wake of the global crisis?\n- Two initiatives at the forefront:\n  - the IMF/FSB G-20 Data Gaps Initiative (DGI), created by the international statistical community and endorsed by the G-20 Finance Ministers and Central Bank Governors as well as the IMF’s International Monetary and Financial Committee.\n  - the Special Data Dissemination Standard Plus (SDDS Plus), aimed particularly at economies with systemically important financial sectors."
    },
    {
      "heading": "Relevance of the DGI for financial stability analysis",
      "content": "- The DGI responds to the increasing need for data sets to undertake financial stability analysis following the global crisis.\n- The paper explains the specific ways the DGI is relevant for financial stability analysis, emphasizing the need for expanded and improved statistics to analyze system-wide risks.\n- Key thematic areas of DGI relevance include cross-border linkages, securities data, sectoral accounts, and financial statistics that support monitoring of financial soundness indicators and financial sector stability."
    },
    {
      "heading": "Role of the SDDS Plus and public dissemination",
      "content": "- SDDS Plus is closely linked with the DGI and is emphasized as important for promoting the dissemination to the public of a core set of data for financial stability analysis.\n- SDDS Plus is targeted at economies with systemically important financial sectors to enhance transparency and the availability of critical statistics for market participants and policy makers.\n- The SDDS Plus supports public access to data needed for assessing government debt, CDS market activity, cross-border securities investment, and other indicators relevant to financial stability."
    },
    {
      "heading": "Key findings, implications, and policy recommendations",
      "content": "- Findings and emphases:\n  - There is an increased focus on financial stability analysis after the global crisis and a higher demand for specific data sets to support this analysis.\n  - Two initiatives—DGI and SDDS Plus—are central frameworks for addressing identified data gaps.\n  - The SDDS Plus promotes dissemination of a core set of data for financial stability analysis, enhancing transparency in economies with systemically important financial sectors.\n- Policy implications and recommendations:\n  - Strengthen statistical frameworks to produce data on cross-border linkages and securities holdings to better assess systemic risks.\n  - Adopt and implement SDDS Plus practices to improve public dissemination of data crucial for financial stability analysis.\n  - Prioritize development and release of financial statistics and financial soundness indicators to inform surveillance and market discipline.\n\nIMF Working Paper by Robert M Heath, January 11, 2013.\n\n---\n\n Content in this bundle\n\n- Wp1306\n  - Wp1306 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp1306 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/why-are-the-g-20-data-gaps-initiative-and-the-sdds-plus-relevant-for-financial-stability-40227"
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    "Authors: Robert M Heath",
    "Published: January 11, 2013",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781475596861.001",
    "Author: Robert M Heath",
    "Date: January 11, 2013",
    "Core question: What types of data are needed to undertake financial stability analysis in the wake of the global crisis?",
    "Two initiatives at the forefront:",
    "The DGI responds to the increasing need for data sets to undertake financial stability analysis following the global crisis.",
    "The paper explains the specific ways the DGI is relevant for financial stability analysis, emphasizing the need for expanded and improved statistics to analyze system-wide risks.",
    "Key thematic areas of DGI relevance include cross-border linkages, securities data, sectoral accounts, and financial statistics that support monitoring of financial soundness indicators and financial sector stability.",
    "SDDS Plus is closely linked with the DGI and is emphasized as important for promoting the dissemination to the public of a core set of data for financial stability analysis.",
    "SDDS Plus is targeted at economies with systemically important financial sectors to enhance transparency and the availability of critical statistics for market participants and policy makers.",
    "The SDDS Plus supports public access to data needed for assessing government debt, CDS market activity, cross-border securities investment, and other indicators relevant to financial stability.",
    "Findings and emphases:",
    "Policy implications and recommendations:",
    "**Wp1306**"
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