Monetary and Financial Statistics

This course, presented by the Statistics Department, provides participants with an introduction to the compilation of monetary statistics covering the central bank (CB), other depository corporations (ODCs) and other financial corporations (OFCs) in accordance with international statistical standards. Course materials are based on the 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). The course discusses the principles of residency and sectoring of institutional units, the characteristics and types of financial instruments, valuation principles, and other accounting issues that are relevant to the compilation of monetary statistics. Participants will also become familiar with the defining characteristics of depository corporations (DCs), notably their role as money issuers, and with the main principles on which analysis of monetary and credit aggregates is based. They will also gain a deeper understanding of the OFCs sector and their relevance for compiling a broader and often more reliable measure of the liquidity available in an economy and financing extended to the nonfinancial sectors and nonresidents by the 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.