TARGET GROUP | Central bank (or other agency) officials responsible for the collection and compilation of monetary and financial statistics.
DESCRIPTION | This one-week course is designed to assist officials in the compilation of monetary and financial statistics. The course covers the following issues:
• An overview of the monetary and financial statistics collected and compiled by the European System of Central Banks (ESCB)—legal background, types of statistics, cooperation between national central banks (NCBs) and the European Central Bank (ECB)
• An overview of the concept of sector classification according to the European System of National Accounts
• In-depth presentations on methodology and data collection issues for Monetary Financial Institutions (e.g., on balance sheet statistics, minimum reserve statistics, MFI interest rate statistics, statistics on other financial intermediaries)
• Presentations on the use of micro data in order to produce statistical products (e.g., sec-by-sec system, AnaCredit) and the usage of integrated data models
• Methodology and data compilation issues for establishing statistics on financial accounts, including requests for monetary union financial accounts
• Data quality and data transmission requirements for the exchange of statistical information between NCBs and the ECB
The course emphasizes definitions and concepts of ECB-linked monetary and financial data and the analytical framework for addressing appropriate reporting requirements to respondents. It explains requirements for the collection, derivation or estimation of stock and flow data, the characteristics and classification of financial instruments, valuation of assets and liabilities, principles of economic sectorization and data consistency issues. Separate consideration is given to the financial statistics that appear in the financial account and the flow-of-fund accounts within the statistics on monetary union financial accounts.
The methodology covered in the course is based on ECB regulations and guidelines in the field of Monetary and Financial Statistics. The methodology of the financial accounts is based on the European System of National Accounts.
The course consists of lectures, workshops and case studies.