Checks and balances of integrated economic accounts for the euro area Richard Walton European Central Bank Berne, 6-8 June 2007.

Slides:



Advertisements
Similar presentations
Draft Handbook on National Accounting Financial Production, Flows and Stocks in the System of National Accounts OECD WP on National Accounts October.
Advertisements

Guidelines on Integrated Economic Statistics United Nations Statistics Division Regional Seminar on Developing a Programme for the Implementation Programme.
The ECB's contribution to the OECD-IMF Conference on quarterly sector accounts Reimund Mink European Central Bank Joint Meeting of the OECD Working Parties.
Benefits of integrated economic statistics for central bank users Richard Walton European Central Bank Berne, 6-8 June 2007.
Government Finance Statistics in National Accounts John Verrinder Unit C5 – Validation of public accounts.
Data Sharing Werner Bier Deputy Director-General Statistics European Central Bank Inter-Agency Group on Economic and Financial Statistics (IAG) G-20 Data.
1 The need for coherent Macroeconomic Statistics Workshop on SNA and GFS Istanbul November 2013 Kurt Wass, EFTA.
1 Satellite accounts for cooperative economy of the Republic of Serbia, 2009.
Seðlabanki Íslands Economy of Iceland 2010 Powerpoint charts.
1 Securitisation and the Euro Area Accounts The institutional sector framework to financing Andreas Hertkorn, ECB DG-Statistics European Central Bank WPFS.
The implementation of the SDMX standards by the ECB and the European System of Central Banks Werner Bier (ECB) Gérard Salou (ECB) Sami Airo (Bank.
Copyright 2010, The World Bank Group. All Rights Reserved. 1 OTHER ECONOMIC FLOWS GOVERNMENT FINANCE STATISTICS Part 1 This lecture describes flows other.
Implementing ‘quality assurance procedures’ in monetary and financial statistics (MFS) Q European conference on quality in statistics Vienna, 3 June.
Copyright 2010, The World Bank Group. All Rights Reserved. 1 GOVERNMENT FINANCE STATISTICS INTRODUCTION TO GOVERNMENT FINANCE STATISTICS Part 1 This lecture.
6-8 June 2007,Bern prezentacijos data Work Session Convened by the Friends of Chair Group on Integrated Economic Statistics PREZENTACIJOS PAVADINIMAS DEVELOPMENT.
Assessing the Capacity of Statistical Systems Development Data Group.
Copyright 2010, The World Bank Group. All Rights Reserved. 1 GOVERNMENT FINANCE STATISTICS ANALYTIC FRAMEWORK Part 1 This lecture introduces the analytic.
OVERVIEW OF THE SYSTEM OF NATIONAL ACCOUNTS, INCLUDING BASIC IDENTITIES Peter van de Ven Head of National Accounts OECD Short Course on National Accounts.
Answering new questions Bert Kroese, Statistics Netherlands
The Dutch energy accounts Sjoerd Schenau Statistics Netherlands.
Planning and development of integrated economic statistics in Europe The case of euro area financial statistics Werner Bier European Central Bank Berne,
Data needs to assess the health of systemically important financial institutions Werner Bier Deputy Director-General Statistics IMF-FSB Users Conference.
Regulatory framework for economic statistics of the euro area Richard Walton European Central Bank Berne, 6-8 June 2007.
ECB initiatives for comprehensive, consistent and timely statistics for the euro area Deputy Director-General Statistics, ECB Werner Bier.
Timely statistical information for monetary policy purposes
1 1 How to reduce the reporting burden whilst still obtaining high quality data Two practical examples from Norwegian financial markets statistics Ole.
The excessive imbalances procedure (EIP) Declan COSTELLO & Aurora MORDONU DG ECFIN 29 November 2011 European Commission.
Instituto Nacional de Estadística, Geografía e Informática (INEGI), Mexico National Economic Surveys (NES) Jun 2007.
Copyright 2010, The World Bank Group. All Rights Reserved. 1 GOVERNMENT FINANCE STATISTICS FLOWS, STOCKS, AND ACCOUNTING RULES Part 1 This lecture describes.
Copyright© 2008 South-Western, a part of Cengage Learning. All rights reserved. CHAPTER 8 Who Controls the Money Supply and How?
Some background information about official statistics in the European Union (EU) Martin Eiglsperger European Central Bank – DG Statistics* The 2008 World.
MONGOLIA COUNTRY CONTRIBUTION PAPER “The Availability, Timeliness, and Quality of Rapid Estimates in Case of Mongolia” Presenter: G. Gerelt-Od, First Vice-Chairman,
Copyright 2010, The World Bank Group. All Rights Reserved. Copyright 2010, The World Bank Group. All Rights Reserved Economic statistics, part 1 Business.
Integrated Presentation and Analysis of Sector Accounts in Austria OECD Working Party on Financial Statistics Paris, Based on a joint-work.
Organization of Economic Statistics Statistics South Africa.
1 1 Economic Statistics in Russia: development and new challenges for International Forum on Monitoring National Development (Beijing, September.
IMF Economic Indicators: Principal Global Indicators (PGI)
Eurostat Financial accounts ESTP course - MIP Luxembourg 1-3 December 2015 Sheldon Warton-Woods Eurostat C-1.
External Sector Econ 102 _2013. External Sector How is a country linked with other countries in the global world? 1)There are exchange of Goods and Services.
Some background information about official statistics in the European Union (EU) Martin Eiglsperger European Central Bank – DG Statistics* The 2008 World.
Some follow up work to the Data Gaps Initiative: Institutional Sector Accounts Side Event to the UNSC New York, 23 February 2011.
FINANCIAL ACCOUNTS IN SLOVENIA Skopje, October 2013 Matjaž Noč.
The current financial and economic crisis: Statistical initiatives of the E(S)CB Daniela Schackis European Central Bank – DG Statistics OECD Short-Term.
The Balance of Payments - focus on where FDI is used Craig Taylor Balance of Payment Investment Income and Coordination branch, ONS
Sharing initiatives by national statistical offices to address the implications for official statistics arising from the present financial and economic.
United Nations Statistics Division Developing a short-term statistics implementation programme Expert Group Meeting on Short-Term Economic Statistics in.
M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Working Group for Chapter 18 – Statistics Bilateral screening: Chapter.
Faqi SHI Dept. of National Accounts, NBS
Herman Smith United Nations Statistics Division
RBNZ Statistics Work Programme 2013–14
The perspective of policy on Developing an integrated statistics programme in support of the Implementation of the 2008 SNA February 3-7, 2014 St Lucia.
Statistics for policy use
Accounting for Islamic Finance in the National Accounts of Uganda
Item 5а National Accounts of Ukraine: Current Status and Development Perspectives Irina N. Nikitina Director of Macroeconomic Statistics Workshop on the.
Guidelines on Integrated Economic Statistics
Reconciliation of quarterly non-financial and financial accounts
User needs and practices
Observed differences between quarterly and annual financial accounts data, comparing total financial assets and liabilities Item 5 Eurostat Task Force.
Guidelines on Integrated Economic Statistics
UNITED NATIONS NATIONAL ACCOUNTS
Integrating National Accounts and Balance of Payments Statistics in Austria Conference of European Statistics Stakeholders 2018 STS01 - Bamberg, 18th October.
Workshop on Islamic finance in the national accounts
Treatment of Cash Collateral
User needs and practices
Use of 1993 SNA, Rev.1 for Central Bank purposes
Integrated Economic Accounts
Methodology, sources and use of Balance of Payments
Guidelines on Integrated Economic Statistics
Links between social protection/health/education statistics and national accounts Item 5 of the agenda DSS Meeting 3 and 4 October 2017.
Presentation transcript:

Checks and balances of integrated economic accounts for the euro area Richard Walton European Central Bank Berne, 6-8 June 2007

Overview Euro area accounts Integration and reconciliation Value to Users

Euro area accounts Overview of euro area as a single economy Analytical value of institutional sectors Transactions between sectors Financial balance sheets Process of integration

Integration and reconciliation Completion of data Conformity with accounting conventions and statistical standards Consistency Plausibility

Value to Users 1/2 Unified accounting and methodological framework Quality of data improves Consistency of data improves Understanding of compilation process

Value to Users 2/2 Analysis of interaction of real and financial variables Economic activities of institutional sectors Consistent indicators in economic and monetary analysis

Conclusions Conceptual integration Practical integration Efficiency gains in practice Benefits to users