Front Matter
Author:
International Monetary Fund. Statistics Dept.
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Language:
English
Keywords:
MTU; portfolio; investment; CPI; portfolio investment liability; portfolio investment assets
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Abstract

Analysis and Plans, presents an assessment of 1997 survey data and a summary of improvements introduced, as a result of countries' participation in the 1997 Coordinated Portfolio Investment Survey, into national systems for collecting data on international (cross-border) portfolio investment The chapter reviews developments that occurred in international financial markets in the 1980s and 1990s, and the Godeaux Report assessment and recommendations about global data on international portfolio investment flows and stocks. The objectives set for the 1997 survey, the scope of survey results, and the process by which results have been assessed in the chapter. Since publication of the Godeaux Report, substantial expansion and evolution have occurred in exchange and over-the-counter markets for financial derivatives covering a range of financial risks. These markets now have the capacity, in effect, to change the currencies, maturities, and marketability of the financial instruments underlying associated derivative contracts. It is recommended that vigorous efforts should be made to secure the participation of more major investing countries in order to address the under-reporting of global portfolio investment assets and to confirm the reliability of the global data on portfolio investment liabilities.

© 2000 International Monetary Fund

LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA

Analysis of coordinated portfolio investment survey results and plans for the 2001 survey. — Washington, DC : International Monetary Fund, 2000.

p.; cm.

Prepared by the IMF Statistics Department.

Includes bibliographical references.

ISBN 9781557759818

1. Securities. 2. Investments. I. International Monetary Fund.

Statistics Department.

HG4521.A52 2000

Price: US$ 27.50

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Contents

  • I. INTRODUCTION

  • II. LONG-TERM PERSPECTIVE ON PORTFOLIO INVESTMENT

    • DEVELOPMENTS IN INTERNATIONAL FINANCIAL MARKETS

    • DISCREPANCIES IN THE WORLD FINANCIAL ACCOUNT

    • FINDINGS OF THE WORKING PARTY ON THE MEASUREMENT OF INTERNATIONAL CAPITAL FLOWS (AS PRESENTED IN THE GODEAUX REPORT)

    • TREATMENT OF PORTFOLIOINVESTMENT IN THE FIFTH EDITION OF THE BALANCEOFPAYMENTSMANUAL

  • III. ANALYSIS OF 1997 CPIS RESULTS

    • OBJECTIVES SET FOR THE 1997 SURVEY

    • SCOPE OF 1997 SURVEY RESULTS

    • AUGMENTATION OF 1997 CPIS DATA

    • ESTIMATION OF PORTFOLIO INVESTMENT POSITIONS

    • BILATERAL COMPARISONS OF DATA ON PORTFOLIO ASSETS AND LIABILITIES

    • BENEFITS OF THE 1997 CPIS

  • IV. IMPORTANT POST-GODEAUXREPORT DEVELOPMENTS

    • VULN ERABDLITY ANALYSIS

    • TREATMENT OF FINANCIAL DERIVATIVES

    • DEVELOPMENTS IN METHODOLOGY FOR EXTERNAL DEBT STATISTICS

    • ADEQUACY OF SOURCES OF DATA

    • THE SPECIAL DATA DISSEMINATION STANDARD (SDDS)

  • V. PLANS FOR FUTURE COORDINATED PORTFOLIO INVESTMENT SURVEYS

    • INCREASING SURVEY PARTICIPATION

    • SECURING THE PARTICIPATION OF OFFSHORE FINANCIAL CENTERS (OFCS)

      • Characteristics of Offshore Financial Centers

      • Regulation of Offshore Financial Centers

      • Availability of Data from Offshore Financial Centers

      • Reporting by Offshore Financial Centers

    • COVERAGE

      • Short-term Instruments

      • Portfolio Investments Held by Households

      • Repos and Securities Lending

      • Creditor/Debtor Reconciliations of External Debt Statistics

    • DATABASES FOR INFORMATION ON SECURITIES

    • THE CASE FOR AN ANNUAL CPIS

  • VI. TABLES AND CHARTS

    • Table 1. Financial Transactions of the Balance of Payments 1986-1989 Global Discrepancies and Adjustments Shown by Major Components

    • Table 2. CPIS Collection Strategies and Availability of Data

    • Table 3. Portfolio Investment Assets of 1997 CPIS Participants at End-December 1997

    • Table 4. Portfolio Investment Assets (shown by financial instrument and region)of 1997 CPIS Participants at End-December 1997

    • Table 5. Portfolio Investment Assets (shown by financial instrument and region) of 1997 CPIS Participants at End-December 1997

    • Table 6. Global Discrepancies in Portfolio Investment Assets and Liabilities at End-December 1997

    • Table 7. Balances for World Current Account 1992-1998

    • Table 8. Balance for World Capital Account and World Financial Account 1992-1998

    • Chart 1. World Transactions and Primary Components of World Financial Account Transactions

    • Chart 2. Bilateral Discrepancies, Shown by Percentage, Between Liability Reported by 1997 CPIS Participants and Partner Country Data

  • VII. APPENDICES

    • GEOGRAPHICAL CLASSIFICATION OF PORTFOLIO INVESTMENT HOLDINGS

    • BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION DATA AVAILABLE IN THE IMF DATABASE

  • VIII. BIBLIOGRAPHY

  • Collapse
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Cover Analysis of 1997 Coordinated Portfolio Investment Survey Results and Plans for the 2001 Survey
Analysis of 1997 Coordinated Portfolio Investment Survey Results and Plans for the 2001 Survey
ISBN:
9781557759818
ISSN:
0258-7440
Publication Date:
03 Sep 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557759818.083
Pages:
84

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