Front Matter

Front Matter

Author(s):
Johan Mathisen, and Anthony Pellechio
Published Date:
March 2007
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    © 2007 International Monetary Fund

    Production: IMF Multimedia Services Division

    Cover design: Lai Oy Louie

    Typesetting: Elaine Wilson

    Cataloging-in-Publication Data

    Using the balance sheet approach in surveillance : framework and data sources and availability / Johan Mathisen and Anthony J. Pellechio — [Washington, D.C.] : International Monetary Fund, [2007]

    • p. cm.

    • Includes bibliographical references.

    • ISBN 978-1-58906-604-5

    1. Financial statements. 2. International Monetary Fund. I. Mathisen, Johan. II. Pellechio, Anthony J. III. International Monetary Fund. HF5681.B2U85 2007

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    Contents

    The following conventions are used in this publication:

    • In tables, a blank cell indicates “not applicable,” ellipsis points (…) indicate “not available,” and 0 or 0.0 indicates “zero” or “negligible.” Minor discrepancies between sums of constituent figures and totals are due to rounding.

    • An en dash (–) between years or months (for example, 2005–06 or January–June) indicates the years or months covered, including the beginning and ending years or months; a slash or virgule (/) between years or months (for example, 2005/06) indicates a fiscal or financial year, as does the abbreviation FY (for example, FY2006).

    • “Billion” means a thousand million; “trillion” means a thousand billion.

    • “Basis points” refer to hundredths of 1 percentage point (for example, 25 basis points are equivalent to ¼ of 1 percentage point).

    As used in this publication, the term “country” does not in all cases refer to a territorial entity that is a state as understood by international law and practice. As used here, the term also covers some territorial entities that are not states but for which statistical data are maintained on a separate and independent basis.

    Preface

    This paper was prepared to enhance application of the balance sheet approach for surveillance by taking advantage of new datasets that provide detailed, frequent, and timely financial statistics. These data are produced by IMF member countries and submitted to the IMF’s Statistics Department regularly and can be mapped into the balance sheet approach framework for better and more timely tracking and analysis of vulnerabilities in sectors of a country’s economy.

    The authors are indebted to many colleagues, as predecessors, collaborators, and reviewers, including Mark Allen, Juha Kahkonen, Tessa van der Willigen, Dominique Desruelle, Christoph Rosenberg, Brett House, and Johannes Wiegand in the Policy Development and Review Department; Rob Edwards, William Alexander, Edgar Ayales, Neil Patterson, Roberto Rosales, Robert Heath, Jaroslav Kucera, José Carlos Moreno, Simon Quinn, and Justin Matz in the Statistics Department; and Andreas Billmeier, Marcos Chamon, Mark De Broeck, Robert P. Flood, Dale Gray, Cheng Hoon Lim, Paolo Manasse, Paolo Mauro, and Mariana Torres. The authors also are very grateful to Nadejda Caprar for editorial assistance and to David Einhorn of the External Relations Department, who edited and coordinated production of the publication.

    The opinions expressed in the paper are those of the authors and do not necessarily reflect the views of the IMF, its Executive Directors, or the authorities of the countries covered in the study.

    Abbreviations

    BIS

    Bank for International Settlements

    BPM5

    Fifth Edition of the Balance of Payments Manual

    BSA

    Balance sheet approach

    CCA

    Contingent claims approach

    CPIS

    Coordinated portfolio investment survey

    DQAF

    Data quality assessment framework

    GFSM

    Government Finance Statistics Manual

    IIP

    International investment position

    IMF

    International Monetary Fund

    JEDH

    Joint external debt hub

    MFSM

    Monetary and Financial Statistics Manual

    OECD

    Organization for Economic Cooperation and Development

    QEDS

    Quarterly external debt statistics

    SDDS

    Special data dissemination standard

    SDR

    Special drawing right

    SNA

    System of national accounts

    SRF

    Standardized report form

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