Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Investments: Stocks

You are looking at 1 - 10 of 12 items for :

  • Type: Journal Issue x
  • National income x
Clear All Modify Search
Cover IMF Staff Country Reports
Belarus: Technical Assistance Report-Financial Accounts and Balance Sheet Statistics Mission
International Monetary Fund. Statistics Dept.
The remote technical assistance (TA) mission provided guidance to the National Statistical Committee of the Republic of Belarus (BelStat) on the preliminary estimates of the Financial Accounts and Balance Sheets (FABS) for 2017. The TA mission assisted with compiling the revaluation and the other changes in volume accounts to give better consistency to the financial flows and stocks and improve the reconciliation process of the FABS. BelStat is in charge of compiling the current accounts for all the institutional sectors and is starting to compile the financial accounts for which important progress has been made. To regularly compile FABS, the mission recommended that BelStat addresses the discrepancies between the net lending/borrowing from the capital and the financial account by incorporating more data sources such as government’s financial stocks and business accounting data. The TA mission also provided guidance on compiling the Financial Intermediation Services Indirectly Measured (FISIM) to get a more consistent estimate. The mission highlighted the progress made and encouraged BelStat to continue working on compiling FABS for 2017 and onwards.
Keywords:
financial accounts; balance sheets; stocks; flows; balance sheet Statistics; IMF's Statistics Department; balance sheet statistics; business accounting data; BelStat staff; accounting data; Financial statements; Fiscal accounting and reporting; Capital account
Cover IMF Staff Country Reports
Belarus: Technical Assistance Report-Financial Accounts and Balance Sheet Statistics Mission
International Monetary Fund. Statistics Dept.
The remote technical assistance (TA) mission provided guidance to the National Statistical Committee of the Republic of Belarus (BelStat) on the preliminary estimates of the Financial Accounts and Balance Sheets (FABS) for 2017. The TA mission assisted with compiling the revaluation and the other changes in volume accounts to give better consistency to the financial flows and stocks and improve the reconciliation process of the FABS. BelStat is in charge of compiling the current accounts for all the institutional sectors and is starting to compile the financial accounts for which important progress has been made. To regularly compile FABS, the mission recommended that BelStat addresses the discrepancies between the net lending/borrowing from the capital and the financial account by incorporating more data sources such as government’s financial stocks and business accounting data. The TA mission also provided guidance on compiling the Financial Intermediation Services Indirectly Measured (FISIM) to get a more consistent estimate. The mission highlighted the progress made and encouraged BelStat to continue working on compiling FABS for 2017 and onwards.
Keywords:
financial accounts; balance sheets; stocks; flows; balance sheet Statistics; IMF's Statistics Department; balance sheet statistics; business accounting data; BelStat staff; accounting data; Financial statements; Fiscal accounting and reporting; Capital account
Cover IMF Staff Country Reports
Costa Rica: Technical Assistance Report—The National Accounts Statistics Capacity Development Mission
International Monetary Fund. Statistics Dept.
A technical assistance (TA) mission, conducted by CAPTAC-DR, took place during August 27 to September 7, in San Jose, Costa Rica, to assist the Central Bank of Costa Rica (CBCR) in compiling the non-financial and financial balance sheets. This TA mission was requested in the context of the rebasing project of the national accounts series to 2017, as follow-up of a previous mission conducted in March 2018. This mission covered two purposes: 1) provide guidance to the CBCR in developing statistical methods to estimate the capital stock for the non-financial private sector (NFPS), and 2) provide TA in compiling balance sheets, as part of the annual accounts by institutional sector (AAIS) of Costa Rica.
Keywords:
ISCR; CR; balance sheet; asset; asset balance sheet project; financial asset account; government sector balance sheets; balance sheet calculation; asset improvement rate; Financial statements; Stocks; Fiscal accounting and reporting; Securities
Cover IMF Working Papers
Sustainable Development Goals (SDGs) and GDP: What National Accounts Bring to the Table
Mr. Thomas F Alexander
,
Ms. Claudia H Dziobek
, and
Tadeusz Galeza
The Sustainable Development Goals (SDGs) adopted by the UN General Assembly in 2015 represent a new global consensus to end poverty, promote prosperity, and protect the environment. Goal 8 seeks to improve global resource efficiency in consumption and production and to decouple economic growth (GDP) from environmental degradation while Goal 12 focuses on sustainable consumption and production. While GDP does not capture these broader goals, we suggest that the System of National Accounts which incorporates but goes well beyond GDP, can be used for the measurement of these SDGs and to support policy. We construct a conceptual “super balance sheet” with an expanded asset boundary to include durable consumer goods used to produce services, human capital, and access to resources such as clean water and air, education, health, and infrastructure, to produce an expanded household net worth.
Keywords:
WP; balance sheet; consumer durables; asset; GDP; production; SDGs; Beyond GDP; National Accounts; Balance Sheets; SNA production boundary; SNA framework; SNA asset boundary; household sector balance sheet; SNA prototype; Financial statements; Sustainable Development Goals (SDG); Stocks; Human capital; Global
Cover IMF Working Papers
The Embodiment of Intangible Investment Goods: a Q-Theory Approach
Nazim Belhocine
This paper extends the q-theory of investment to model explicitly the decision of firms to invest in intangibles and measures the contribution of intangible goods to the overall capital stock in the U.S. The model highlights the embodiment of intangible goods in tangibles and the role of relative price movements in the measurement of the contribution of each type of investment to the overall capital stock. The downward trend in the aggregate investment deflator series reported by national accounts is found to have a significant downward bias in the 90s. The model also shows that the growth in the overall capital stock from the late-80s until 2000 was driven mainly by an increase in the contribution of intangibles. However, the contribution of intangibles fell consistently after 2000. These results underscore the importance of accounting for the movements in the price of intangibles rather than focusing only on their rising share in overall investment.
Keywords:
WP; capital stock; acquisition cost; price index
Cover IMF Working Papers
After the Crisis: Lower Consumption Growth But Narrower Global Imbalances?
Ms. Franziska L Ohnsorge
and
Mr. Ashoka Mody
We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary behavior in the face of uncertainty. We find that in the short run, continued income uncertainty will significantly dampen consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U.S. experiencing a sharper rise in unemployment and, perhaps, more widespread loss of financial wealth than elsewhere in the G-7, the relative rise of the U.S. savings rate is helping narrow global imbalances. But with a likely earlier recovery in the U.S., this narrowing could be short-lived. Moreover, long-term differences- in economic and financial volatility and in demographic structures-have been an important source of the imbalances and could soon reassert their prominence.
Keywords:
WP; consumption growth; stock market volatility; growth function; Lagged consumption; savings rate; consumption; savings; business cycles; current account adjustment; consumption behavior; consumption response; Disposable income; Stock markets; Income; Stocks; Global
Cover Handbook on Securities Statistics
Handbook on Securities Statistics
Debt Securities Issues
International Monetary Fund

Abstract

Several high-level international groups urged development of methodological standards for securities statistics. In response, the Bank for International Settlements (BIS), the European Central Bank (ECB), and the International Monetary Fund (IMF) jointly developed the Handbook on Securities Statistics. The Handbook is the first publication that deals exclusively with the conceptual framework for the compilation and presentation of relevant, coherent, and internationally comparable securities statistics. Part I of the Handbook covers debt securities issues. Other parts are under development and cover issues of other types of securities and securities holdings.

Keywords:
MISC PUBS; Misc.; debt securities issue; debt securities market; market; debt securities statistic; debt securities; coupon payment; Securities; Business enterprises; Stocks; Bonds; Global; debt securities statistics; Currencies
Cover IMF Working Papers
The Stock of Intangible Capital in Canada: Evidence from the Aggregate Value of Securities
Nazim Belhocine
This paper measures the size of the stock of intangible capital in Canada using newly released data on the market value of all securities in the economy. The approach taken relies on a quantitative application of the q-theory of investment to generate the quantity of capital owned by firms. I find that the intangible capital stock accounted for approximately 30% of overall capital since 1994. Of this intangible capital stock, the R&D reported by national accounts makes up only 23%. In addition, the finding on the magnitude of the intangible capital stock is comparable to that reported using a cost approach, confirming the size and the relevance of intangibles to macroeconomic models.
Keywords:
WP; depreciation rate; national income; shadow price; market value
Cover IMF Working Papers
Frugality: Are We Fretting Too Much? Household Saving and Assets in the United States
Mr. Evan C Tanner
and
Mr. Yasser Abdih
Household savings rates in the United States have recently crept up from all-time lows. Some have suggested that a shift toward frugality will hamper GDP growth-the Keynesian "paradox of thrift." We estimate that households compensate for a fall in their asset income by saving more out of their labor income, dollar-for-dollar. In the wake of the crisis, our model predicts that such primary savings will increase, but only temporarily and modestly, as household assets stabilize. As savings flows gradually accumulate, they help rebuild corporate net worth and hence firms' capacity to make capital investments. A timely return to pre-crisis levels of capital investment would require that U.S. households save substantially more than the model predicts, starting now. Hence, we should fret that our savings rates may be too low.
Keywords:
WP; rate of return
Cover IMF Working Papers
Capital Income Taxation and Economic Growth in Open Economies
Mr. Geremia Palomba
Do reductions in capital income taxes attract foreign capital and, at the same time, foster economic growth? This paper examines the effect of capital income taxation on the international allocation of capital and on economic growth in a two-country overlapping generations model with endogenous growth and internationally mobile capital. It shows that domestic capital taxes affect both the international allocation of capital and the rate of economic growth and that these two effects are not necessarily the same. A country can increase its share of the existing world capital by changing its taxes but, depending on the elasticity of saving to after-tax returns, this may reduce the rate of capital accumulation and economic growth.
Keywords:
WP; economic growth