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Financial Accounts And Balance Sheets: Issues For The Revision Of Sna

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  • Nancy D. Ruggles

Abstract

This paper is an abridged version of a report with the same title originally written for the United Nations Statistical Office, as a part of the ongoing review of the System of National Accounts. Its purpose is to identify the issues in the financial statistics area that need to be considered in the course of the review. Particular attention is paid to problems of harmonization of SNA with related standards of the International Monetary Fund. The 1968 SNA provided a place in the framework for financial accounts and balance sheets, but did not develop them in any detail. In the 19 years since the revised SNA was published, policy and analytic interest in financial questions has greatly increased, and much work has been done on conceptual development and statistical compilation of financial statistics, both within and outside of the SNA framework. It is now apparent that some of the early decisions taken when financial considerations were not the focus of attention need reconsideration, some of the makeshift solutions that have grown up over time are no longer adequate, and some issues that have not been dealt with at all need to be addressed. This paper is not intended to propose solutions, but rather to reflect questions that have been raised, and to present alternatives that have been proposed.

Suggested Citation

  • Nancy D. Ruggles, 1987. "Financial Accounts And Balance Sheets: Issues For The Revision Of Sna," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 33(1), pages 39-62, March.
  • Handle: RePEc:bla:revinw:v:33:y:1987:i:1:p:39-62
    DOI: 10.1111/j.1475-4991.1987.tb00663.x
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    Cited by:

    1. Hanson, Kenneth A. & Robinson, Sherman, 1989. "Data, Linkages, And Models: U.S. National Income And Product Accounts In The Framework Of A Social Accounting Matrix," Staff Reports 278155, United States Department of Agriculture, Economic Research Service.
    2. Wiese, Arthur M., 1995. "On the construction of the total accounts from the U.S. national income and product accounts: How sensitive are applied general equilibrium results to initial conditions?," Journal of Policy Modeling, Elsevier, vol. 17(2), pages 139-162, April.

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