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An Integrated Framework for Financial Positions and Flowson a From-Whom-To-Whom Basis: Concepts, Status, and Prospects

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  • Mr. Segismundo Fassler
  • Mr. Manik L. Shrestha
  • Mr. Reimund Mink

Abstract

The global crisis of 2008 highlighted the need to understand financial interconnectedness among the various sectors of an economy and between them and their counterparties in the rest of the world. However, application of this kind of analysis has been hampered by the lack of adequate data. This paper sets the background for promoting internationally coordinated efforts for compiling and disseminating data on sectoral financial positions and flows on a from-whom-to-whom basis within the framework of the System of National Accounts. It draws on actual experiences in compiling these kinds of data and provides guidelines for their development in the future.

Suggested Citation

  • Mr. Segismundo Fassler & Mr. Manik L. Shrestha & Mr. Reimund Mink, 2012. "An Integrated Framework for Financial Positions and Flowson a From-Whom-To-Whom Basis: Concepts, Status, and Prospects," IMF Working Papers 2012/057, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2012/057
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    References listed on IDEAS

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    1. Melle Bijlsma & Malka de Castro Campos & Raymond Chaudron & David-Jan Jansen, 2019. "Building a multilayer macro-network for the Netherlands: A new way of looking at financial accounts and international investment position data," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.
    2. Isabel Lavrador & Romana Peronaci & Nuno Silva, 2013. "Security-by-security data on holdings of securities: the importance for national and euro area accounts," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the Sixth IFC Conference on "Statistical issues and activities in a changing environment", Basel, 28-29 August 2012., volume 36, pages 434-443, Bank for International Settlements.
    3. Grydaki, Maria & Bezemer, Dirk, 2013. "The role of credit in the Great Moderation: A multivariate GARCH approach," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4615-4626.
    4. Meng He & Zuzana Filkova, 2019. "Who holds banks’ debt securities? Statistical methods for allocation by holders," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.
    5. Bruno Tissot, 2016. "Development of financial sectoral accounts: new opportunities and challenges for supporting financial stability analysis," IFC Working Papers 15, Bank for International Settlements.
    6. Luiza Antoun de Almeida, 2015. "A Network Analysis of Sectoral Accounts: Identifying Sectoral Interlinkages in G-4 Economies," IMF Working Papers 2015/111, International Monetary Fund.
    7. Rita Pisco & João Falcão & Paula Menezes, 2018. "From balance of payments and international investment position to the rest of the world account: roadmap to Bank of Portugal's experience," IFC Bulletins chapters, in: Bank for International Settlements (ed.), External sector statistics: current issues and new challenges, volume 48, Bank for International Settlements.

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