Training Catalog Course Details

This course offered by the Statistics Department, provides participants with an introduction to both the conceptual and practical aspects of compiling monetary statistics covering the central bank (CB) and other depository corporations (ODCs) as set out in the 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). The course introduces the principles of residency and sectorization of institutional units, the characteristics and types of financial instruments, valuation principles, and other accounting issues that are relevant to the compilation of monetary statistics. Participants also become familiar with the defining characteristics of depository corporations (DCs), notably their role as money issuers, and how the sectoral balance sheets of DCs are consolidated and rearranged into analytical presentations with key financial aggregates like credit and money. The course will also introduce the OFCs and touch upon the treatment of central bank digital currencies and electronic money in MFS. The course consists of lectures, and exercises covering practical aspects of compiling monetary statistics, especially using the IMF’s standardized report forms and the derivation of the respective analytical presentations for the CB, ODCs, and the consolidated DCs sector. Emphasis is also placed on peer learning through sharing of country experiences among the participants.