Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154639
Authors: 
De Boeck, Roger
Hügelschäffer, Sebastian
McDonagh, Stephen
Portero, Patricia
Nivat, Dominique
Pellegrini, Valeria
Veitzné Kenyeres, Erika
Hillebrand, Rini
Dell’mour, René
Mendes Mateus, Márcio Filipe
Williams-Fletcher, Ciara
Bannister, Neil
de la Fuente Layos, Luis
Oliveira-Soares, Rodrigo
Ruiz González, Beatriz
Year of Publication: 
2013
Series/Report no.: 
ECB Statistics Paper 4
Abstract: 
The mandate of the Task Force on Valuation of Foreign Direct Investment (FDI) Positions was to review the methods to value direct investment positions stated in Annex III of the Guideline ECB/2011/23 on External Statistics. In particular, the work of the Task Force was focused on reviewing recent developments that may justify amendments to the current method and assessing whether new methods to be applied in the national contributions to the euro area aggregate would lead to a more reliable international investment position (i.i.p.), in particular by increasing the consistency in the valuation of FDI assets and liabilities. The report concluded that in some cases where the use of own funds at book value (OFBV) data would lead to significant biases in the national net i.i.p., other valuation methods than OFBV could be used, adding that national compilers shall exchange information on those positions with the other relevant Member State(s). National compilers should then consider, on a case-bycase basis, adjusting the valuation of those positions in order to strive for a consistent recording of these investments by counterpart EU countries. The Task Force’s final report was considered and approved by the Working Group on External Statistics at its meeting on 30 and 31 October 2012.
Subjects: 
balance of payments statistics
FDI valuation
foreign direct investments statistics
market value
own funds at book value
JEL: 
A39
C82
F21
Persistent Identifier of the first edition: 
Document Type: 
Working Paper
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