The ECB and IMF indicators for the macro-prudential analysis of the banking sector: a comparison of the two approaches

Paolo Poloni, Anna Maria Agresti and Patrizia Baudino

No 99, Occasional Paper Series from European Central Bank

Abstract: In January 2007 the International Monetary Fund (IMF) published, on an ad hoc basis, a series of financial soundness indicators (FSIs) based on a common methodology (the IMF compilation Guide) for 62 countries, including all 27 European Union countries. The European Central Bank (ECB), jointly with the Banking Supervision Committee (BSC), has an interest in monitoring the development of this IMF initiative in the context of its own work on compiling macro-prudential indicators (MPIs). The aim of this paper is to identify the main similarities and differences between the FSIs and the MPIs for national banking sectors, as the overlap between MPIs and FSIs in this sub-set is greatest. As a result of the recently issued amendments to the IMF compilation Guide for FSIs, some key methodological differences between the two approaches have been eliminated and it is therefore expected that the figures published by the two institutions will soon converge. The paper concludes with an investigation of the few other areas where the remaining differences could potentially be narrowed. JEL Classification: C82, G20, G21, G28, G32

Keywords: financial soundness indicators; financial stability statitistics; macro-prudential indicators (search for similar items in EconPapers)
Date: 2008-11
Note: 115092
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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