Proceedings of the IFC Conference on "Measuring the financial position of the household sector", Basel, 30-31 August 2006 - Volume 1

	Page
Opening speech	1
Hervé Hannoun
Welcoming remarks	3
Jan Smets
Session 1: An analytical framework for measuring the financial position of the household sector
Chair: Steven Keuning (European Central Bank)
Using the balance sheet approach in surveillance: framework, data sources, and data availability Johan Mathisen and Anthony Pellechio	7
The savings of households in the national accounts Catherine Rigo	45
Household saving and wealth accumulation in the U.S. Charles Steindel	58
The household sector in the integrated euro area accounts Andreas Hertkorn, Jung-Duk Lichtenberger and Pilar Velilla	71
Japan's approach to capturing the household sector Satoru Hagino	84
Session 2: An overview of issues related to household finance
Chair: Már Gudmundsson (Bank for International Settlements)
Thailand's household sector balance sheet dynamics: evidence from microeconomic and macroeconomic data Kiatipong Ariyapruchya	91
Measurement problems in household international remittances Kenneth Coates	101
A survey of housing equity withdrawal and injection in Australia Carl Schwartz, Tim Hampton, Christine Lewis and David Norman	115
Households' transactions with the rest of the world: the case of Russia Lydia Troshina and Natalia Kupriyanova	132
Households' response to wealth changes: do gains or losses make a difference? Robert-Paul Berben, Kerstin Bernoth and Mauro Mastrogiacomo	145
Households' financial transactions with the rest of the world, with special reference to remittances Veenus Padamadan and Balwant Singh	161
Session 3A: Statistical issues in the measurement of household wealth
Chair: Aurel Schubert (Austrian National Bank)
Should financial accounts include future pension liabilities? Gabriele Semeraro	179
The difficulties attached to the collection of information on households' holdings of securities: third-party reporting Carlos Sánchez Muñoz and Jean-Marc Israël	199
Portfolio shifts in securities held by households in Austria: analysis based on security-by-security information Michael Andreasch and Aurel Schubert	205
The final financial investment of French households Denis Marionnet	213
Measuring household wealth in Switzerland Jürg Bärlocher	232
Session 3B: Statistical issues in the measurement of household wealth
Chair: Luigi Federico Signorini (Bank of Italy)
The statistical recording of implicit pension liabilities and its impact on household wealth and general government obligations Reimund Mink and Philippe Rother	241
Measuring and predicting household housing wealth Tor O. Berge, Katrine Godding Boye, Dag Henning Jacobsen, Kjersti-Gro Lindquist and Marita Skjæveland	252
Defining households' wealth in business Riccardo Bonci, Luigi Cannari, Grazia Marchese, Andrea Neri and Alexandros Karagrigoriou	264
Determinants of household saving and borrowing in Botswana Mediyamere O. Radipotsane	284
Comparing wealth distribution across rich countries: the Luxembourg Wealth Study project Eva Sierminska, Andrea Brandolini and Timothy M Smeeding	297
Annex: Participants in the meeting	311

The views expressed in this publication are those of the authors and do not necessarily represent the official views of the Committee, its members or the BIS.