Background Paper

Summary of Proceedings

List of Lead Speakers and Lead Discussants


IMF Seminars, Conferences and Workshops

See Also:

Balance of Payments Home Page

Dissemination Standards Bulletin Board (DSBB): metadata on SDDS and GDDS data categories

External Debt Statistics: debt data, conference on capital flows and debt statistics, draft Guide for Compilers and Users, and other selected publications

Treatment of Accrued Interest Discussion Forum




World Map    Conference on Capital Flows and Debt Statistics:
Can We Get Better Data Faster?

Agenda


Conference Sponsored by
The Statistics Department and the Policy and Development Review Department of the International Monetary Fund in Cooperation with the Financial Stability Forum Working Group on Capital Flows

Washington, D.C., February 23–24, 2000

Purpose: To bring together data users and compilers to review the capital flow and debt data needed to improve policy making and facilitate risk management, and, in particular, to discuss the questions: What actions and resources would be required to provide better data more quickly and what should be given priority?

Wednesday, February 23
7:00 p.m.    Working Dinner
(Venue: IMF Headquarters, The Galleria)

Welcome (Ms. Carol Carson)
Objective of the conference and main issues
   (Mr. Stanley Fischer)
Perspective from the FSF Working Group on Capital
   Flows (Mr. Mario Draghi)
Close (Mr. Jack Boorman)
 
Thursday, February 24
(Venue: IMF Headquarters, Room B-702)

  Improving the Framework--Coverage, Quality, Periodicity, and Timeliness of Capital Flow and Debt Statistics

Debtor and IIP Data

9:00 a.m.   

1.   Core data

Purpose: To discuss improvements in the core debtor data such as those proposed for the new SDDS data category for external debt (within the IIP framework), their purposes, and the practicalities of compiling the data.

(Issues include: frequency and timeliness; transition periods; information on short-term maturities)

Introduction (Ms. Carol Carson)
Speakers (Mr. Nouriel Roubini and Mr. Paul Cheung)
Discussants (Mr. Lewis Alexander and Mr. Deepak
   Mohanty)
General discussion
 
10:30 a.m.    Coffee break
 
11:00 a.m.    2. Supplementary data
Purpose:

To discuss what other debtor information is required and the practicalities of compiling the data.

(Issues include: financial derivatives; domestic versus foreign currency denomination; nominal versus market values, etc.)

Introduction (Ms. Carol Carson)
Speakers (Mr. Paul Tucker and Ms. Miki Eran)
Discussant (Ms. Christina Kruse)
General discussion
 
12:30 p.m.    Review and Summing Up by Chair
(Ms. Carol Carson)
 
12:45 p.m.    Luncheon Hosted by the IMF
Address by Ms. Caroline Atkinson

Creditor and Market Data

Purpose: To discuss selected initiatives underway by international organizations and by national compilers to close some of the gaps in the availability of external debt data by making use of creditor and market sources of information.
 
2:30 p.m.    BIS data; Joint Debt Statistics; Coordinated Portfolio Investment Survey; offshore financial centers; and securities databases

Introduction (Mr. Jack Boorman)
Speakers (Mr. Philip Turner and Mr. Guillermo Le Fort)
Discussants (Mr. Enrique Sanchez and Mr. Antonello
   Biagioli)
General discussion
 
4:00 p.m.    Coffee break

Other Initiatives

Purpose:

To discuss areas where high-frequency information is needed, with focus on systems used by national authorities to monitor foreign exchange transactions and positions, including for market surveillance purposes.
 
4:30 p.m.    High frequency reporting

Introduction (Mr. Jack Boorman)
Speakers (Mr. James Lau and Mr. Dino Kos)
General discussion
 
5:30 p.m.    Review and Summing up by Chairs--Mr. Jack Boorman and Ms. Carol Carson

List of Lead Speakers and Lead Discussants
(in order of presentation)
Ms.  Carol Carson, Director, Statistics Department, IMF
Mr.  Stanley Fischer, Acting Managing Director, IMF
Mr.  Mario Draghi, Director General, Ministry of the Treasury, Italy
Mr.  Jack Boorman, Director, Policy Development and Review Department, IMF
Mr.  Nouriel Roubini, Director, Office of Policy Development and Review, U.S. Treasury
Mr.  Paul Cheung, Chief Statistician, Department of Statistics, Singapore
Mr.  Lewis Alexander, Managing Director, Salomon Smith Barney
Mr.  Deepak Mohanty, Director, Division of International Finance, Department of Economic Analysis and Policy, Reserve Bank of India
Mr.  Paul Tucker, Deputy Director, Financial Stability, Bank of England
Ms.  Miki Eran, Controller of Foreign Exchange, Israel
Ms.  Christina Kruse, Bundesbankdirektorin, Balance of Payments Statistics, Deutsche Bundesbank
Ms.  Caroline Atkinson, Senior Deputy Assistant Secretary, International Monetary & Financial Policy, U.S. Treasury
Mr.  Philip Turner, Head of Secretariat, Emerging Markets, BIS
Mr.  Guillermo Le Fort, Division Manager, Banco Central de Chile
Mr.  Enrique Sanchez, Senior Vice President, Bank of America
Mr.  Antonello Biagioli, Director, Statistics Department, Ufficio Italiano dei Cambi, Italy
Mr.  James Lau, Executive Director, Hong Kong Monetary Authority
Mr.  Dino Kos, Senior Vice President, Federal Reserve Bank of New York