Training Catalog Session Details

Officials from central banks and/or financial regulatory institutions involved in compilation and analysis of monetary statistics.

Participants are expected to have a degree in economics or statistics or equivalent experience. Previous completion of the MFS online course is recommended.

This course, delivered by the Statistics Department, covers the conceptual and practical aspects of compiling monetary statistics, focusing on 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 covers the building blocks of MFS including the concepts of residency and institutional sectors, the characteristics and types of financial assets and liabilities, as well as the valuation and other accounting principles relevant for the compilation of monetary statistics. Participants will 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 to derive analytical presentations and money aggregates. The course will also discuss the treatment of electronic money and central bank digital currencies in MFS, as well as introduce the other financial corporations (OFCs). The course will comprise lectures and exercises focused on practical aspects of compiling monetary statistics for central banks and ODCs using the standardized report forms (SRFs), and derivation of analytical surveys from SRFs: central bank survey, ODCs Survey, and DCs Survey. Emphasis is also placed on peer learning through sharing of country experiences among the participants.