1.1 The main purpose of the Monetary and Financial Statistics Manual and Compilation Guide (Manual) is to offer guidelines for the compilation and presentation of monetary statistics, with compilers and users of such statistics as its focal target audience. Additionally, the Manual provides an orientation to the financial statistics framework. The Manual is also useful to compilers and users of other macroeconomic statistics in understanding the relationships among the various macroeconomic datasets.
2.1 This chapter provides an overview of the monetary and financial statistics framework, focusing on its scope, uses, and main principles and concepts. Further, it explains the relationship of monetary and financial statistics with the System of National Accounts 2008 (2008 SNA), other statistical manuals, and the International Financial Reporting Standards (IFRSs). The chapter sets the stage for the other chapters of this Manual, providing a context for the reader.
3.1 Chapter 3 identifies institutional units and groups them into institutional sectors based on their economic objectives, functions, and behavior. The chapter focuses on the role of institutional units as holders and issuers of financial assets and the classification and sectoring of their accounts for compiling monetary and financial statistics. The definition of institutional units and their classification into sectors follow closely the System of National Accounts 2008 (2008 SNA), the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6), and the Government Finance Statistics Manual 2014 (GFSM 2014). In addition, this chapter expands on issues that are relevant for compilers of monetary statistics and discusses special cases where sectoring is not straightforward.
4.1 This chapter describes the principal characteristics of financial assets and liabilities, and their classification by type of financial instrument within the framework of monetary and financial statistics. The recommended classification at its highest level follows that of the System of National Accounts 2008 (2008 SNA). This chapter also includes three annexes: Annex 4.1 presents examples of debt securities issued through securitization; Annex 4.2 deals with the recommended treatment of accounts with the IMF in monetary statistics; while Annex 4.3 discusses topics related to Islamic financial institutions and instruments.
5.1 This chapter discusses financial stocks and flows, and the accounting rules for the compilation of monetary and financial statistics. The stock and flow concepts and accounting rules follow the System of National Accounts 2008 (2008 SNA) and other statistical manuals. The framework used is a consistent system that, in principle, measures each financial flow or stock position identically for the parties involved, using the same accounting rules. The framework is also an integrated system in which changes in stocks of financial assets and liabilities account for all flows in a period. It divides flows into transactions, revaluations (holding gains and losses), and other changes in the volume of assets (OCVA).
6.1 This chapter covers concepts and definitions that should be used in constructing money, liquidity, credit, and debt aggregates. It first covers broad money in two sections, then dedicates one section to monetary base (also called base money or reserve money) and another section to liquidity aggregates. The final section discusses credit and debt aggregates. Six annexes focus on currency-union currency, dollarized economies and co-circulation, reserves requirements, seasonal adjustment of economic time series, debt securities issued by economic sector, and on Divisia money. This chapter also sets the stage for Chapter 7, which presents the statistical framework for the compilation of monetary statistics in accordance with the methodology of this Manual.
7.1 This chapter discusses the framework for the compilation and presentation of monetary statistics in accordance with the methodology of this Manual, and the necessary source data. Monetary statistics cover stock and flow data on the assets and liabilities of the financial corporations (FCs) sector and its subsectors.
8.1 Financial statistics cover the stocks and flows of financial assets and liabilities between all sectors of the economy, and between the sectors of the economy and the rest of the world. Financial statistics thus have broader sectoral coverage than monetary statistics, which cover the stocks and flows of the assets and liabilities of financial corporations (FCs).
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.
This paper reviews the coordinated portfolio investment survey (CPIS) guide. The objectives of CPIS are to collect comprehensive information, with geographical detail on the country of residence of the issuer, on the stock of cross-border equities, long-term bonds and notes, and short-term debt instruments for use in the compilation or improvement of international investment position statistics on portfolio investment capital. This paper discusses the scope and modalities of the CPIS. It also presents key findings of the 1997 CPIS and 2001 CPIS.