Monetary and Financial Statistics - Introductory Course

This course, presented by the IMF’s Statistics Department, prepares participants for the compilation of monetary statistics covering the Central Bank (CB) and Other Depository Corporations (ODCs) sectoral balance sheets, in accordance with international standards. The course materials are based on the Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). The course discusses the principles of residency and economic sectorization, the characteristics and classification of financial instruments, valuation principles, and other accounting issues that are relevant to the compilation of monetary statistics. In addition, participants are introduced to the defining characteristics of depository corporations, including their role as money issuers, and to the main principles underlying the analysis of monetary and credit aggregates. The course consists of lectures, workshops, and case studies that familiarize participants with practical aspects of monetary statistics compilation, including the use of financial statements for filling out the standardized report forms (SRFs 1SR and 2SR) for the CB and ODCs, and the derivation of the monetary survey for the CB, ODCs and the depository corporations (DC) sector. 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: 

• Compile monetary statistics (sectoral balance sheets and surveys) for the CB, ODC, and DC sectors according to the methodology recommended by the MFSMCG (i.e. residency, sectorization, valuation, and accounting issues) using SRFs, 1SR and 2SR. 

• Use the monetary survey and the main monetary and credit aggregates for monetary policy analysis.