Initiatives to address data gaps revealed by the financial crisis

IFC Bulletin No 34
December 2011
Keynote speech  page
The financial crisis: what implications for new statistics?
Claudio Borio
1
   
Session 1: An overview of international and national initiatives to address data gaps revealed by the financial crisis  
Enhancing information on financial stability
Adelheid Burgi-Schmelz, Alfredo Leone, Robert Heath and Andrew Kitili
11
Enhancements to ECB statistics for financial stability analysis
Anna Agresti, Stefano Borgioli and Paolo Poloni
18
Data gaps in the UK financial sector: some lessons learned from the recent crisis 
Gareth Murphy and Robert Westwood
28
   
Session 2: Improving data compilations on/from banks  
Banking system soundness during the financial crisis 
Sally M Davies
47
Improving the quality and flexibility of data collection from financial institutions 
Milan Nejman, Otakar Cejnar and Patrick Slovik
52
Implementation of International Financial Reporting Standards for nonfinancial companies and their impact on financial stability monitoring at the Central Bank of Chile 
Isabel Scheuch and Mariela Iturriaga
60
A new approach to MFI interest rate statistics in Croatia 
Ivana Usorac and Igor Jemrić
79
   
Session 3 A: The use of surveys to remedy data gaps  
Capturing the evolution of dealer credit terms related to securities financing and OTC derivatives: some initial results from the new Senior Credit Officer Opinion Survey on Dealer Financing Terms 
Matthew J Eichner and Fabio M Natalucci
95
The process of formation of inflation expectations in an information economy 
Anna Loleyt and Ilya Gurov
104
Quantifying qualitative data from expectation surveys: how well do expectation surveys forecast inflation? 
Teresita Bascos-Deveza
128
   
Session 3 B: The usefulness of micro data  
Addressing data gaps revealed by the financial crisis: European Central Bank statistics on holdings of securities 
Pierre Sola and Francesco Strobbe
141
A framework to assess vulnerabilities arising from household indebtedness using microdata 
Ramdane Djoudad
151
Exploring the statistical potential of micro-databases 
Isabel Lavrador
169
   
Session 3 C: Marrying analytical methods and frameworks with data sources  
An ordered probit model of an early warning system for predicting financial crisis in India 
Thangjam Rajeshwar Singh
185
Price discovery on traded inflation expectations: does the financial crisis matter? 
Alexander Schulz and Jelena Stapf
202
   
Session 4 A: The use of surveys to remedy data gaps  
Business outlook of small, medium and large scale enterprises: implications for monetary policy in Nigeria 
Sani I Doguwa, Olorunsola E Olowofeso and Sunday N Essien
235
The use of surveys to measure sentiment and expected behaviour of key sectors in the economy: evidence from the business survey conducted by the Central Bank of Lebanon 
Sana Souaid Jad
248
Inflation forecasts from the Bank of Italy-Sole 24 Ore survey of expectations of inflation and growth 
Raffaele Tartaglia-Polcini
278
   
Session 4 B: The usefulness of micro data  
How can administrative databases help us to understand the funding behaviour of non-financial corporations? 
Homero Alexandre Martins Gonçalves
295
Recession-induced mean and distributional effects on business profitability: addressing information gaps using corporate firm-level balance sheet data 
Dominik Elgg and Timm Körting
321
Micro-data as a necessary infrastructure - standardisation of reference data on instruments and entities as a starting point: need for a Reference Data Utility 
Francis Gross
334
   
Session 4 C: Marrying analytical methods and frameworks with data sources  
Applying CoVaR to measure systemic market risk: the Colombian case 
Mauricio Arias, Juan Carlos Mendoza and David Pérez-Reyna
351
On measures for illustrating credit risk assessments: the case of heat maps, risk matrices and cubes 
Jenny Dickson
365
Alternative measures of liquidity on the Chilean government fixed income market 
Nicolás Álvarez Hernández and Luis Antonio Ahumada
373
   
Session 5 A: The use of surveys to remedy data gaps  
Denoised least squares forecasting of GDP changes using indexes of consumer and business sentiment 
Antonis A Michis
383
The usage of surveys to overrun data gaps: Bank Indonesia's experience 
Hendy Sulistiowaty and Ari Nopianti
393
The SNB survey on loan quality: a qualitative survey in a quantitative "suit"? 
Hilmar Hoffmann
403
   
Session 5 B: Marrying analytical methods and frameworks with data sources  
CDS and government bonds spreads - how informative are they for financial stability analysis? 
Irina Mihai and Florian Neagu
415
Market uncertainty and market instability
Patrick Slovik
430
Measuring carry trade activity
Stephanie Curcuru, Clara Vega and Jasper Hoek
436
The current crisis and macroeconomic statistics: statistical initiatives and challenges at the Central Bank of Nigeria
Muhammad A Bamanga
454
   
Session 5 C: Improving external statistics  
Improved measurement of cross-border positions, exposures and flows in South Africa using data obtained from banks and formalised exchanges 
Johan van den Heever
467
Trade collapse, data gaps and the impact of the financial crisis on official statistics
Andreas Maurer, Hubert Escaith and Marc Auboin
480
Toward FATS and beyond: the case of Thailand
Ornicha Tattawasart
488
External debt statistics of the euro area
Jorge Diz Dias
503
   
Session 6 A: Improving financial account data  
Toward further improvement of the Flow of Funds Accounts 
Sayako Konno
515
Financial statistics on corporations - existing gaps and future possibilities
Lizette Appelberg, Kristina Holmberg and Jon Smedsaas
526
Data on the balance sheet positions of households and financial and non-financial corporations in Slovenia
Nina Bostner
536
Compilation and analysis of Taiwan's household debt statistics
Huei-Jung Fang
564
ECB statistics on insurance corporations and pension funds
Ana Cláudia Gouveia and Rafael Quevedo
574
   
Session 6 B: Improving housing statistics  
Estimation of a semi-parametric hazard model for Mexico's new housing market
Carolina Rodriguez-Zamora
587
Recent trends in the UK first-time buyer mortgage market
Dmitry Kuvshinov
599
   
Session 6 C: Improving data on debt markets and securitisation  
Developing a database on securities holders: the case of Japan 
Yoshiko Sato and Satoru Hagino
613
The development of securitisation statistics in Ireland 
Clive A Jackson
627
Developing data and information on Israel's credit market
Yair Haim
628
   
Summary of the conference
Paul van den Bergh
643