CCBS
Publications
Financial Market Data for International Financial Stability
By
E. Philip Davis, Robert Hamilton, Robert Heath, Fiona Mackie and Aditya Narain
This report contributes to the debate about financial market data for international financial stability in four ways: by setting out a list of data series identified by users of data as being needed for the monitoring of international financial stability; by examining existing frameworks to see the extent these meet data requirements; establishing the gaps in these frameworks and how they might be filled; and investigating specific issues relating to banking indicators and to the measurement of repurchase agreement and derivative activity. Issues such as why and how financial instability occurs are explored in the "Lecture Series" attachment. In writing this paper, the project team drew on a number of different sources. The one week workshop in January 1999, hosted by the CCBS, at which a number of users and producers of financial market statistics discussed the topic: most of the user requirements that are identified in this paper originated from issues raised during this conference. A summary list of speakers and case studies presented at the Academic Workshop is provided in Appendix 1. Eighteen countries listed in Appendix IV submitted a detailed questionnaire on their data reporting practices
