Course Description
This 10-day course provides a comprehensive introduction to compiling monetary and financial statistics according to international standards. Participants will learn the fundamentals of economic sectorization, financial instrument classification, and accounting principles essential for producing analytical accounts for the financial sector. The course covers practical aspects of data collection, compilation, and analysis for central banks and other financial institutions.
Learning Objectives
- Understand the conceptual framework and methodology for compiling monetary and financial statistics
- Apply principles of residency, sectorization, and valuation in financial data compilation
- Compile sectoral balance sheets and surveys for central banks and other depository corporations
- Analyze monetary and credit aggregates for policy formulation
- Gain practical skills in using standardized report forms for data compilation
- Understand the links between monetary statistics and other macroeconomic statistics
Course Modules
Day 1: Introduction to Monetary and Financial Statistics
- Overview of monetary and financial statistics
- Importance in economic analysis and policy-making
- International standards and best practices
- Key concepts and definitions
Day 2: Institutional Units and Sectors
- Principles of residency and economic territory
- Sectoring of institutional units
- Financial corporations sector and subsectors
- Non-financial sectors
Day 3: Financial Instruments and Their Characteristics
- Classification of financial instruments
- Characteristics of different financial assets and liabilities
- Valuation principles
- Recording of financial transactions and other flows
Day 4: Accounting Rules and Principles
- Fundamental accounting equations
- Time of recording principles
- Accrual accounting vs. cash accounting
- Treatment of arrears and non-performing loans
Day 5: Central Bank Balance Sheet and Survey
- Structure of the central bank balance sheet
- Compilation of the central bank survey
- Analytical presentation of central bank accounts
- Standardized Report Form 1SR for central banks
Day 6: Other Depository Corporations
- Definition and coverage of other depository corporations
- Balance sheet structure of ODCs
- Compilation of the ODC survey
- Standardized Report Form 2SR for ODCs
Day 7: Depository Corporations Survey
- Consolidation of central bank and ODC surveys
- Analytical presentation of the DC survey
- Derivation of monetary and credit aggregates
- Analysis of monetary and credit developments
Day 8: Other Financial Corporations
- Types and characteristics of OFCs
- Balance sheet structure of various OFCs
- Compilation of the OFC survey
- Introduction to Standardized Report Form 4SR
Day 9: Financial Statistics and National Accounts
- Overview of financial statistics
- Flow of funds accounts
- Balance sheet approach to vulnerability analysis
- Links between monetary, BOP, GFS, and national accounts
Day 10: Data Quality and Dissemination
- Data quality assessment framework
- Metadata and documentation
- Revision policies and practices
- Data dissemination standards and platforms
Practical Wins for Participants
- Ability to compile accurate monetary statistics using international standards
- Skills to produce analytical surveys for policy analysis
- Proficiency in using standardized report forms for data reporting
- Enhanced capacity to contribute to macroeconomic policy formulation
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
