Money and Banking Statistics in Former Soviet Union (FSU) Economies

K. Nahr, Robert DiCalogero and Richard Stillson

No 1992/103, IMF Working Papers from International Monetary Fund

Abstract: This paper addresses the major issues concerning the compilation of money and banking statistics for the fifteen republics of the former Soviet Union (FSU), including (1) the treatment of ruble currency circulation and (2) the classification of claims on FSU financial institutions. The paper proposes the use of a monetary authorities’ account to encompass both the domestic and foreign aspects of ruble currency circulation and a classification scheme for monetary accounts that permits the construction of analytically meaningful monetary aggregates. These issues are addressed within an analytical framework that transforms the Gosbank Accounting System into monetary statistics broadly consistent with the Fund’s methodology.

Keywords: WP; government; ruble; enterprise; central bank; currency; currency issue; enterprise sector; government deposit; FSU republic; Union government; monetary authorities' account; government holding; enterprise account; ruble note; net government position; monetary authorities account; government position; Currencies; Commercial banks; Foreign assets; Fiscal accounting and reporting; Credit; Eastern Europe (search for similar items in EconPapers)
Pages: 60
Date: 1992-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1992/103

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