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Asia and Pacific > Thailand

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Data transmission systems x
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Cover Behind the Scenes with Data at the IMF
Behind the Scenes with Data at the IMF
An IEO Evaluation
International Monetary Fund. Independent Evaluation Office

Abstract

This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provision from member countries has improved markedly over time. Nonetheless, problems with data or data practices have, at times, adversely affected the IMF’s surveillance and lending activities. The roots of data problems are diverse, ranging from problems due to member countries’ capacity constraints or reluctance to share sensitive data to internal issues such as lack of appropriate staff incentives, institutional rigidities, and long-standing work practices. Efforts to tackle these problems are piecemeal, the report finds, without a clear comprehensive strategy that recognizes data as an institutional strategic asset, not just a consumption good for economists. The report makes a number of recommendations that could promote greater progress in this regard.

Keywords:
IEOR; IEO; data; data management; evaluation; data practice; IMF data provision; model data management guideline; data management framework; data deficiency; Special Data Dissemination Standard (SDDS); Data dissemination; Financial statistics; Financial statements; Global; data challenge; data management initiative; evaluation team; IMF document; Data collection
Cover IMF Working Papers
What has Capital Liberalization Meant for Economic and Financial Statistics
Mr. Robert M Heath
The liberalization of capital flows both in the domestic economy and cross-border has been among the most important policies adopted by IMF member countries over recent decades. The impact has been wide-ranging. This paper looks at the impact on the field of economic and financial statistics in the past two decades, as statisticians have responded to the changing policy needs. The paper considers the historical context of changes that have occurred, draws out the key trends, and asks where these trends might lead statisticians in the foreseeable future. The paper considers that there has been nothing short of a revolution in the field of economic and financial statistics over the past two decades led by a need for greater transparency; greater standardization; new data sets to support understanding of financial interconnections and financial sector risks; and the strengthening of the governance of the statistical function through greater independence of statistical agencies.
Keywords:
WP; economic statistics; economy; liberalization; market; financial crisis; leading indicator; capital account liberalization; transparency; data dissmination standards; Group of Twenty; financial sector; financial interconnections; data dissemination standard; SDDS subscription; world balance of payments system; policy interest; balance of payments compiler; IMF paper; GDDS country; market reaction; SDDS requirements; IMF surveillance; a number of economy; IMF staff in consultation; Special Data Dissemination Standard (SDDS); Financial statistics; Data dissemination; Global
Cover IMF Working Papers
IMF Data Standards Initiatives: A Consultative Approach To Enhancing Global Data Transparency
Ms. Anne Y. Kester
Since the IMF launched the data standards initiatives a decade ago, 145 of its 184 member countries have participated. This 80 percent participation rate reaffirms the importance countries place on data transparency in the globalized economy, which the initiatives promote. The wide participation can be attributed to the consultative process that has allowed for the development of a coherent program that takes account of countries' capabilities, delineates clear responsibilities between the IMF and participating countries, and establishes effective monitoring procedures to ensure the credibility of the standards for policymakers, capital markets, and the general public. The approach has also provided checks and balances and fostered accountability. The initiatives may provide insights for the promotion of similar international standards.
Keywords:
WP; country; sc; GDDS country; SDDS enhancement; SDDS subscriber
Cover IMF Working Papers
Is Transparency Good for You, and Can the IMF Help?
Yongseok Shin
and
Ms. Rachel Glennerster
This paper finds that reforms introduced by the IMF to promote transparency have created more informed markets and reduced borrowing costs for those emerging market countries that volunteered for them. Using a quarterly panel estimation with fixed country effects, we find that sovereign spreads fall following the adoption of three different transparency reforms. The effects are economically important, especially for those countries with low initial transparency. We use two-stage least squares to address any endogeneity in the timing of reforms exploiting internal IMF timetables that are unrelated to country events. Next, using a panel GARCH specification, we show that spreads move more than normal in the days immediately following publication of IMF country documents.
Keywords:
WP; program country; least squares; Transparency; publication; institutions; emerging markets; sovereign spreads; IMF; SDDS; ROSC; Article IV; GARCH; news effect; role of the IMF; credit ratings; borrowing costs; capital markets; data dissemination; market information; Article IV report; IMF document; publication effect; IMF country document; Article IV publication; IMF report; Special Data Dissemination Standard (SDDS); Securities markets; Emerging and frontier financial markets; International capital markets; Africa; Central and Eastern Europe; Middle East; Western Hemisphere; Asia and Pacific
Cover Policy Papers
Data Provision to the Fund for Surveillance Purposes
International Monetary Fund
NULL
Keywords:
PP; data provision; template data; data deficiency; data revision; provision to the Fund; SDDS data dissemination requirement; International reserves; Foreign currency liquidity; Special Data Dissemination Standard (SDDS); Reserve assets