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Ms. Claudia H Dziobek and Mr. Mei Jin
Monthly economic statistical bulletins issued by central banks and national statistical offices, the focus of this study, are well established in countries with advanced statistical systems. Such bulletins present a synopsis of current economic trends and cater to a broad group of users involved in policy, markets, media, and research. Compendium bulletins serve as a reference point, contribute to public economic knowledge and transparency, and can add to international visibility. The authors find that only about half of developing countries produce monthly bulletins. Based on experience in industrial countries and a survey of 22 successful bulletins from developing countries, this paper highlights the role of such bulletins and discusses selected aspects of their content, production, and dissemination.
International Monetary Fund. European Dept.
This paper presents details of Austria’s 2013 Article IV Consultation. Austria has been growing economically but is facing challenges in the financial sector. Full implementation of medium-term fiscal adjustment plans require specifying several measures and plans that need gradual strengthening to take expected further bank restructuring cost into account. It suggests that strong early bank intervention and resolution tools, a better designed deposit insurance system, and a bank-financed resolution fund would help reduce the need for budgetary support to any troubled banks in the future.
Mr. Sarmad Khawaja and Mr. Thomas K. Morrison
The paper outlines a general framework for statistical legislation. The implications of statistical legislation for the whole statistical system, as well as for centralized versus decentralized statistical systems, are addressed. The general framework is spelled out by identifying "essential" components of statistical legislation. The paper illustrates how these components can be applied to different country situations, and it draws attention to a number of additional topics for discussion and areas for future study in statistical legislation. It also brings together summary descriptions of the statistical legislation of a large number of countries that underlie the derivation of the essential components. It thus provides a reference for countries considering new or revised statistical legislation.