Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/234503 
Year of Publication: 
2020
Series/Report no.: 
ECB Statistics Paper No. 33
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
Since the financial crisis, central bank policymakers have expressed a need for more integrated microdata for monetary policy purposes and for macroprudential and microprudential supervision, with a stronger focus on lending. In response to this policy need, the European System of Central Banks (ESCB) has increased the scope and quality of instrument-level data (e.g. loan-by-loan) it collects. At the same time, the ESCB has further developed the Register of Institutions and Affiliates Data (RIAD), which is pivotal in ensuring the successful linking of the databases, because it ensures the unique identification of counterparties. RIAD allows data to be aggregated using various types of company information, such as industrial activity or geographical location, but it also offers the possibility of aggregating data according to multiple group structures based on different concepts of what a "group" is. This paper discusses why there is a policy need for microdata and highlights some of the practical uses of the interlinked data. It also sheds more light on how information contained in different granular databases can be combined and aggregated in a flexible manner according to different business needs. It describes in detail the process of linking through a common stable identifier, points out current limitations and suggests a possible way forward.
Subjects: 
microeconomic data
granular data
unique identification
group structures
macroprudential
microprudential
JEL: 
C81
E44
G32
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-4256-0
Document Type: 
Working Paper

Files in This Item:
File
Size
301.06 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.