Abstract

The coordinated Portfolio Investment Survey Guide is provided to assist balance of payments compilers in the conduct of an internationally coordinated survey of security holdings being conducted under the auspices of the IMF with reference to year-end 1997. The Guide has two main purposes: to set out the objectives of the Coordinated Survey; and to provide practical advice on how to prepare, organize, and conduct a national survey. The appendices include three model survey forms, a glossary of security terms, a listing of the major security databases that national compilers may find useful in their work, and a method for reconciling security position and transactions data.

© 1999 International Monetary Fund

Cataloging-in-Publication Data

Coordinated Investment Portfolio Survey: results of 1997 survey

  • [Washington, DC]: International Monetary Fund. [1999]

    • p. cm.

  • Prepared by the IMF Committee on Balance of Payments Statistics

  • ISBN 9781557756060

1. Securities. 2. Investments. I. International Monetary Fund. II. Committee on Balance of Payments Statistics.

HG3882.B342 1999

Price: US$27.50

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Preface

This publication presents the results of the 1997 Coordinated Portfolio Investment Survey (CPIS)—a major statistical initiative conducted, under the aegis of the International Monetary Fund, by 29 countries. The survey was used to collect information on portfolio investment assets. The reference date for the data was end-December 1997. The data were disaggregated by type of instrument (equity and debt securities), and full geographical detail for each instrument was provided by the issuing country. The CPIS represented, for the majority of the participating countries, the first time that data were collected in accordance with standardized definitions and methodologies that enhanced data quality and comparability.

This publication comprises four main sections. Section I consists of an introduction. Section II contains general tables that show how the 29 participating countries allocated their portfolio investment assets among major partner countries. Section III consists of country tables containing all CPIS data collected at the national level and geographical details on additional portfolio investments made by some entities not originally covered in the survey. Section IV contains descriptions of the essential features of CPIS implementation in each participating country. In addition, there is a bibliography at the end of the publication.

Contents

  • I. Introduction

    • Survey Background

    • Survey Development

    • Publication of Survey Results

    • Table I.1 Net Global Portfolio Investment Transactions

    • Table I.2 Collection Strategies and Availability of Data

    • Table I.3 Instrument Coverage by Country

  • II. Allocation of Portfolio Investment Assets Among Major Partner Countries

    • Table II.1 Portfolio Holdings of Equity Securities

    • Table II.2 Portfolio Holdings of Long-term Debt Securities

    • Table II.3 Portfolio Holdings of Short-term Debt Securities

  • III. Tables Showing CPIS Data of Individual Countries

    • Argentina

    • Australia

    • Austria

    • Belgium

    • Bermuda

    • Canada

    • Chile

    • Denmark

    • Finland

    • France

    • Iceland

    • Indonesia

    • Ireland

    • Israel

    • Italy

    • Japan

    • Korea

    • Malaysia

    • The Netherlands

    • New Zealand

    • Norway

    • Portugal

    • Singapore

    • Spain

    • Sweden

    • Thailand

    • United Kingdom

    • United States

    • Venezuela

    • Table III.1. Supplementary Data on Portfolio Investment Assets

    • Table III.2. Total Portfolio Investment Assets Reported to the IMF

  • IV. Survey Notes of Individual Countries

    • Argentina

    • Australia

    • Austria

    • Belgium

    • Bermuda

    • Canada

    • Chile

    • Denmark

    • Finland

    • France

    • Iceland

    • Indonesia

    • Ireland

    • Israel

    • Italy

    • Japan

    • Korea

    • Malaysia

    • The Netherlands

    • New Zealand

    • Norway

    • Portugal

    • Singapore

    • Spain

    • Sweden

    • Thailand

    • United Kingdom

    • United States

    • Venezuela

  • V. Bibliography

  • Argentine Ministry of Economy and Public Works and Services. Metodología de Estimación del Balance de Pagos, Buenos Aires, 1998. (http://www.mecon.as/cuentas/internationales)

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  • International Monetary Fund Balance of Payments Statistics Committee. Annual reports. Washington, D.C., 1994–1998.

  • International Monetary Fund. Balance of Payments Manual. 4th ed. Washington, D.C.: International Monetary Fund, 1977.

  • International Monetary Fund. Balance of Payments Manual. 5th ed. Washington, D.C.: International Monetary Fund, 1993.

  • International Monetary Fund. Statistics Department. The Statistical Measurement of Financial Derivatives. Washington, D.C., November 1997.

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  • International Monetary Fund Task Force on the Coordinated Portfolio Investment Survey, Coordinated Portfolio Investment Survey Guide. Washington, D.C.: International Monetary Fund, 1996.

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  • IMF Working Party on the Measurement of International Capital Flows. Report on the Measurement of International Capital Flows. Washington, D.C.: International Monetary Fund, 1992.

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