Proceedings of the Sixth IFC Conference on "Statistical issues and activities in a changing environment", Basel, 28-29 August 2012.

Papers in this volume were prepared for the IFC Conference held in Basel on 28-29 August 2012.

Session 1: Measuring the shadow banking system

	Title	Languages
	Macro-mapping the euro area shadow banking system with financial sector balance sheet statistics by Clive Jackson and Jani Matilainen	EN
	OECD financial statistics for measuring the structure and size of the shadow banking system by Satoru Hagino and Liliana Cavieres	EN
	Measuring shadow banking in Ireland using granular data by Brian Godfrey and Brian Golden	EN

Session 2: Measuring the shadow banking system, continued

	Title	Languages
	Measuring the off-balance-sheet wealth management business of commercial banks - The case in China by Qizheng Mao	EN
	Compiling statistics of shadow banking by Sayako Konno, Ai Teramoto and Yuka Mera	EN
	Shadow banking in Spain by Orestes Collazo Brañanova	EN
	Monitoring shadow banking and its challenges: the Malaysian experience by Muhamad Amar Mohd Farid	EN

Session 3A: Residential property price indices

	Title	Languages
	Residential property price index: preliminary results for Chile by Camilo Vio	EN
	Constructing a real estate price index: the Moroccan experience by Assil El Mahmah	EN
	Constructing a house price index for Turkey by Aslı Kaya, Ayça Topaloğlu Bozkurt, Emine Meltem Baştan and Özgül Atılgan Ayanoğlu	EN

Session 3B: Measuring expectations

	Title	Languages
	Overview of models and methods for measuring economic agent's expectations by Tine Janžek and Petra Ziherl	EN
	Forecast evaluation of economic sentiment indicator for the Korean economy by Hyejung Moon and Jungick Lee	EN
	Consumer sentiment and confidence indices in Nigeria: a panel data analysis by Olorunsola E Olowofeso and Sani Doguwa	EN

Session 3C: Monitoring commodity markets

	Title	Languages
	Brazil's Commodity Price Index by Alisson Curátola de Melo	EN
	Statistical issues and activities in a changing environment: improvements in the commodity price input used for the ECB's analysis of HICP food prices by Andrew Kanutin	EN
	International commodity prices - volatility and global liquidity by Asit B Chakraborty and Sanjib Bordoloi	EN

Session 4A: Measuring commercial property prices

	Title	Languages
	Commercial property prices: what should be measured? by Sebastian Keiler	EN
	Measuring the commercial property prices in Italy: a first evidence from a transaction based approach by Francesco Zollino	EN

Session 4B: Measuring expectations

	Title	Languages
	Measuring the opinion of firms on the supply and demand of external financing in the euro area by Sébastien Pérez-Duarte, Annalisa Ferrando, Nicolas Griesshaber, Petra Köhler-Ulbrich and Nadine Schmitt	EN
	Central Bank of Brazil's market expectations system: a tool for monetary policy by André Barbosa Coutinho Marques	EN

Session 4C: Exchange-rate indicators

	Title	Languages
	Euro area exchange rate-based competitiveness indicators: a comparison of methodologies and empirical results by Bernadette Lauro and Martin Schmitz	EN
	Weighted Average Relative Price (WARP) - A Supplement to Standard Real Effective Exchange Rates (REERs) by Charles Thomas and Jaime Marquez	EN

Session 5: How reliable are debt measures?

	Title	Languages
	The story told by debt indicators and the hidden truth - Weaknesses of the most commonly used debt indicators and the way forward by Agnes Tardos	EN
	How reliable and comparable are private debt measures: the French case by Franck Sédillot	EN
	Tax planning may have contributed to high indebtedness among Swedish companies by Gunnar Blomberg, Jyry Hokkanen and Sofia Kåhre	EN

Session 6A: Methodological issues regarding the compilation of financial accounts

	Title	Languages
	Sectoral interlinkages in balance sheet approach by Ryoichi Okuma	EN
	Fiscal federalism in Brazil: the importance of data disclosure of subnational governments by Joanilson de Carvalho Santos	EN
	Measuring the value of employee stock options by Ryoichi Okuma and Tomotaka Hiroki	EN
	Securities by securities database and the Chilean financial accounts by Alfredo Fuentes G	EN
	Security-by-security data on holdings of securities: the importance for national and euro area accounts by Isabel Lavrador, Nuno Silva and Romana Peronaci	EN

Session 6B: Measuring households' financial positions

	Title	Languages
	Patterns of credit ownership in Poland - A multi-grouplatent class approach by Piotr Bialowolski	EN
	The wealth and debt of Danish families by Andres Møller Christensen, Asger Lau Andersen, Martin Oksbjerg, Nick Fabrin Nielsen, Ri Kaarup and Sigrid Alexandra Koob	EN
	Household over-indebtedness: Definition and measurement with Italian data by Giovanni D'Alessio and Stefano Iezzi	EN

Session 6C: External aspects of financial accounts

	Title	Languages
	Cross-border banking transactions in the euro area by Antonio Colangelo and Michele Lenza	EN
	Towards a better view of Dutch net foreign assets by Gerrit van den Dool and Rini Hillebrand	EN

Session 7: Panel discussion on "Will we have appropriate data to monitor future developments in the financial system and evolving financial conditions?"

	Title	Languages
	Concentration indicators: assessing the gap between aggregate and detailed data by Fernando Ávila, Emilio Flores, Fabrizio Lopez-Gallo and Javier Márquez	EN