Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154552
Authors: 
Agresti, Anna Maria
Baudino, Patrizia
Poloni, Paolo
Year of Publication: 
2008
Series/Report no.: 
ECB Occasional Paper 99
Abstract: 
In January 2007 the International Monetary Fund (IMF) published, on an ad hoc basis, a series of financial soundness indicators (FSIs) based on a common methodology (the IMF compilation Guide) for 62 countries, including all 27 European Union countries. The European Central Bank (ECB), jointly with the Banking Supervision Committee (BSC), has an interest in monitoring the development of this IMF initiative in the context of its own work on compiling macro-prudential indicators (MPIs). The aim of this paper is to identify the main similarities and differences between the FSIs and the MPIs for national banking sectors, as the overlap between MPIs and FSIs in this sub-set is greatest. As a result of the recently issued amendments to the IMF compilation Guide for FSIs, some key methodological differences between the two approaches have been eliminated and it is therefore expected that the figures published by the two institutions will soon converge. The paper concludes with an investigation of the few other areas where the remaining differences could potentially be narrowed.
Subjects: 
Macro-prudential indicators (MPIs)
financial soundness indicators (FSIs)
financial stability statistics
JEL: 
C82
G20
G21
G28
G32
Document Type: 
Research Report

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