Financial Stability Analysis: What are the Data Needs?

IMF Working Papers, July 10, 2017

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Financial Stability Analysis: What are the Data Needs?

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Bibliographic details

• Authors: Robert M Heath, Evrim Bese Goksu
• Published: July 10, 2017
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781484306215.001

Overview

• Authors: Robert M Heath, Evrim Bese Goksu
• Publication date: July 10, 2017
• Series: Working Paper No. 2017/153
• Issue: 153; Volume: 2017; Pages: 64
• DOI: https://doi.org/10.5089/9781484306215.001
• Summary focus: review of experiences of policy makers and analysts to identify common international threads in the data needed for financial stability analysis (FSA) and suggestions to address those needs.

Context and motivation

• Growing incidences of financial crises and their damage to the economy have led policy makers to sharpen the focus on financial stability analysis (FSA), crisis prevention and management over the past 10–15 years.
• The statistical community has responded with a number of initiatives, including the G-20 Data Gaps Initiative, but the paper assesses whether more work is needed.

Key findings on data needs

• Common international threads in the data needed for FSA were identified based on a holistic review of practitioner experiences.
• Areas where further work is needed include:
  • Shadow banking
  • Capital flows
  • Corporate borrowing
  • Granular data
• To support FSA, potential enhancements to the conceptual advice in statistical manuals are identified, including with regard to:
  • Foreign currency
  • Remaining maturity

The paper’s emphasis for statisticians and policymakers

• Recognizes an encouragingly constructive response by statisticians, not least through the G-20 Data Gaps Initiative.
• Emphasizes that despite progress, additional statistical work and conceptual enhancements remain necessary to meet FSA requirements.

Subject classifications and keywords (as provided)

• Subject: Financial sector policy and analysis; Financial sector risk; Financial sector stability; Financial services; Financial stability assessment; Shadow banking; Stress testing
• Keywords: banking, BIS database, BIS note, BIS research, credit, data gaps, debt, economy, financial interconnections, financial sector, Financial sector risk, Financial sector stability, financial stability, Financial stability assessment, foreign currency, G20 industrial nations, Global, global financial crisis, IMF G-20 report, IMF's FSAP, IMFS FSAP, implementing economy, international debt securities, macro-prudential analysis, macroeconomic statistical manuals, market, market conduct regulation, market participant, market price, original maturity, Shadow banking, spillovers, stress testing, WP

Content in this bundle

• Financial Stability Analysis: What are the Data Needs?, WP/17/153, July 2017
  • Financial Stability Analysis: What are the Data Needs?, WP/17/153, July 2017 (Markdown version)
  • Financial Stability Analysis: What are the Data Needs?, WP/17/153, July 2017 (PDF)