Proceedings of the IFC Conference on "Measuring financial innovation and its impact", Basel, 26-27 August 2008

IFC Bulletin No 31
July 2009
   page
Opening remarks  

Stephen Cecchetti
1
Jan Smets, Former Chairman of the Irving Fisher Committee on Central Bank Statistics 3
   
Session 1: An overview of challenges related to measuring financial innovations  
Financial innovations and developments in housing finance in Mexico
Jazmin Carballo-Huerta and Juan Pedro González-Ibarra
7
Compilation and analysis of data on securitised public debt in Kenya
Isaya Maana
35
The possibilities and limitations of derivatives statistics collected by central banks
Winfried Rudek
44
Credit information in Thailand
Davina Kunvipusilkul
49
Integration of new financial developments into the new worldwide statistical standards
Reimund Mink
58
   
Session 2: Measuring developments in housing finance  
Housing finance in the Netherlands - the impact of structural developments on households and banks
Dirk van der Wal and Henk Lub
81
Development of housing finance and its impact on socio-economic uplift in the emerging economy in Bangladesh
Khandaker Khalidur Rahman
97
EU housing statistics
Martin Eiglsperger and Wim Haine
111
   
Session 3: Keeping track of securitisation  
How to measure credit risk transfer in the EU
Paolo Poloni and Julien Reynaud
123
Experience with the collection and publication of data on structured products in Switzerland
Jürg Bärlocher
141
Popular and controversial banking products for households in Norway
Gunnar Almklov
150
   
Session 4: Challenges in cimpiling derivative statistics  
Cross-border derivatives exposures: how global are derivatives markets?
Sally Davies
159
Methodology for measuring derivatives at the Central Bank of Chile
Valeria Orellana and Paulina Rodríguez
165
Alternative tools of trade for central banks and other financial institutions: foreign exchange liquidity options
Gürsu Keleş and T Sabri Öncü
81
Measuring cross-border derivatives in the United States
Thad Russell
197
Compilation of derivatives statistics in Chinese Taipei
Pei-wen Chen
201
Compilation of statistical data on new financial instruments: the case of the Czech Republic
Rudolf Olšovský
209
   
Session 5: Micro and macro measures of financial risks  
Financial markets' appetite for risk - and the challenge of assessing its evolution by risk appetite indicators
Birgit Uhlenbrock 
221
Rating migration matrices: empirical evidence in Indonesia
Muliaman D Hadad, Wimboh Santoso, Bagus Santoso, Dwityapoetra Besar and Ita Rulina
260
Financial soundness indicators (FSIs): framework and implementation
Armida San Jose and Andreas Georgiou
277
Financial innovation and the importance of modern risk management systems - a case of Zambia
Mankolo Beyani and Raphael Kasonde
283
Changes in investors' risk appetite - an assessment of financial integration and interdependence
Laurence Kang-por Fung, Chi-sang Tam and Ip-wing Yu
294
Financial innovation and corporate default rates
Samuel Maurer, Luu Nguyen, Asani Sarkar and Chenyang Wei
322
Stress testing with incomplete data: a practical guide
Stacia Howard
344
The use of security-by-security databases to monitor the interest rate of private debt securities and to measure credit risk premium - the Portuguese case
João Miguel Coelho
356
Measures of financial stability - a review
Blaise Gadanecz and Kaushik Jayaram
365
   
Session 6: Impact of financial innovations on economic and financial statistics  
Do financial systems converge? New evidence from household financial assets in selected OECD countries
Giuseppe Bruno and Riccardo De Bonis
383
Data modelling - merging supervision, statistics and monetary analysis data into a joint data set for financial enterprises
Olav Stensrud
402
Further enhancing monetary analysis with more data at short notice
Björn Fischer and Frank Mayerlen
408
Foreign portfolio investors in Africa: the case of Zambia
Isaac Muhanga and Kombe Soteli
422
Innovations in retail payments and the BIS statistics on payment and settlement systems
Marc Hollanders
431
The influence of note financing on credit aggregates
Guo Yongqiang
439
Assessing the contribution of financial innovations to the production of implicit services of financial intermediation in Costa Rica
Adolfo Rodríguez Vargas
445
Monetary statistics: integration of revisions in the "System of National Accounts 2008"
Randall Merris
467
Recent innovations in inter-bank electronic payment system in Mexico: the role of regulation
José L Negrín, Diadelfa Ocampo and Alejandro de los Santos
473
Measuring the economic impact of private equity funds: the South African experience
Barend de Beer and Zeph Nhleko
495
   
Session 7: Panel on data issues in the context of the recent financial turmoil  
Data issues in the context of the recent financial turmoil
Paul Van den Bergh
513
Panel summary
Paul Van den Bergh
520
   
Closing remarks  
Manuel Marfán, Chairman of the Irving Fisher Committee on Central Bank Statistics 525
   
Annex: Participants in the conference 527