The Statistical Measurement of Financial Derivatives

Robert Heath

No 1998/024, IMF Working Papers from International Monetary Fund

Abstract: The System of National Accounts 1993 (1993 SNA) provided new standards for the statistical treatment of financial derivatives. Subsequently, financial derivative markets have evolved, and there have been requests from national statisticians for clarification and amplification of the recommendations in the 1993 SNA and the fifth edition of the IMF’s Balance of Payments Manual (BPM5). Meeting this need is the main purpose of this working paper. Its recommendations have been widely discussed in international meetings and have been approved by bodies that effect changes in the 1993 SNA and BPM5.

Keywords: WP; financial derivative; derivative contract; market price; options contract; cash settlement; economic value; unit of account; Financial derivatives; Options; Currencies (search for similar items in EconPapers)
Pages: 67
Date: 1998-03-01
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