IMF is­sues guide­lines for com­pil­ing sta­tis­tics

The Pak Banker - - COMPANIES/BOSS -

The In­ter­na­tional Mon­e­tary Fund (IMF) has re­leased to­day the pre­pub­li­ca­tion ver­sion of the Mon­e­tary and Fi­nan­cial Sta­tis­tics Man­ual and Com­pi­la­tion Guide, pro­vid­ing up­dated guid­ance for the com­pi­la­tion, re­port­ing, and dis­sem­i­na­tion of mon­e­tary and fi­nan­cial sta­tis­tics (MFS).

The Man­ual ad­dresses the need for ac­cu­rate, com­pre­hen­sive, and re­li­able mon­e­tary and fi­nan­cial data across coun­tries, which has been un­der­scored by mod­ern episodes of fi­nan­cial in­sta­bil­ity, in par­tic­u­lar that of 20082009. The op­er­a­tions of the fi­nan­cial cor­po­ra­tions sec­tor have been ex­pand­ing rapidly across the world, gain­ing im­por­tance in the in­ter­me­di­a­tion of fi­nan­cial flows do­mes­ti­cally and in­ter­na­tion­ally.

The Man­ual up­dates and merges into one vol­ume method­olog­i­cal and prac­ti­cal aspects of the com­pi­la­tion process of MFS. It sets up a con­cep­tual frame­work for the an­a­lyt­i­cal pre­sen­ta­tion of mon­e­tary sta­tis­tics, which pro­vides a crit­i­cal in­put for mon­e­tary pol­icy for­mu­la­tion and mon­i­tor­ing, and sup­ports the as­sess­ment of fi­nan­cial sec­tor sta­bil­ity. The Man­ual aligns the MFS method­ol­ogy with the Sys­tem of Na­tional Ac­counts 2008, deep­ens the prac­ti­cal guid­ance draw­ing on ex­ten­sive hands-on ex­pe­ri­ence from com­pil­ers and users, and re­flects re­cent in­no­va­tions in fi­nan­cial mar­kets.

The Man­ual was pro­duced by the IMF's Sta­tis­tics Depart­ment, in close con­sul­ta­tion with the MFS Ex­perts Group, es­tab­lished from a broad range of mem­ber coun­tries and in­ter­na­tional or­ga­ni­za­tions to sup­port the de­vel­op­ment of in­ter­na­tion­ally-com­pa­ra­ble mon­e­tary and fi­nan­cial sta­tis­tics. The pre-pub­li­ca­tion ver­sion of the Man­ual in PDF for­mat is now avail­able free of charge here.

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