Monetary and Financial Statistics - Advanced Course

This course, presented by the IMF’s Statistics Department, introduces participants to the compilation of monetary statistics, with a focus on other financial corporations (OFCs). In addition, the course provides an overview of financial statistics and national accounts. The course material is based on the Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). Although the course summarizes the main principles underlying the compilation of monetary statistics, it assumes participants have already a good understanding of these (e.g. acquired through participation in the MFS-I course). The core part of the course discusses the characteristic of the various types of OFCs (Insurance Corporations, Pension Funds, non-MMF Investment Funds, etc.), their typical balance sheet structure, and their role in the financial sector. The course also covers some aspects of financial statistics, which comprise financial flows and stocks of all sectors of the domestic economy and their interactions with the rest of the world, the balance sheet approach for vulnerability analysis, and the interrelationships between monetary, balance of payments, government finance, and national accounts statistics. The course consists of lectures and case studies that familiarize participants with practical aspects of monetary statistics compilation for OFCs and of basic principles underlying the compilation of national accounts. At the end of the course, participants are expected to make a short presentation on monetary statistics compilation issues in their respective countries.

Course Objectives: Upon completion of this course, participants should be able to: 

• Distinguish between different types of OFCs, their role in the financial sector, and the related implications of data collection for monetary statistics purposes. 

• Compile monetary statistics for the OFC sector according to SRF 4SR. 

• Apply the main principles of financial statistics and national accounts.