This paper proposes a new definition of Offshore Financial Centers (OFCs) and develops a statistical method to differentiate between OFCs and non-OFCs using data from the Coordinated Portfolio Investment Survey (CPIS), the International Investment Position (IIP), and the balance of payments. The...

A key element in the build-up to the global recession and subsequently was the movement in house price indexes (HPIs). These indexes are particularly prone to methodological and coverage differences which can undermine both within-country and cross-country economic analysis. The paper outlines...

This paper presents a simple model of optimal reserves that can be easily calibrated to compute optimal reserves as well as the implied probability of a sudden stop for given reserves. The model builds upon the global games framework of Morris and Shin to establish a unique relationship between...

This data module of the Report on Observance of Standards and Codes (ROSC) for Mexico contains a brief assessment of dissemination practices relative to the Special Data Dissemination Standards (SDDS) of the IMF. The findings reveal that dissemination of data subject to the SDDS is in observance...

The coverage, periodicity, and timeliness for macroeconomic data in Peru are summarized and compared with Special Data Dissemination Standard (SDDS) specifications. The human, financial, and computing resources allocated to the existing program of statistics at the Central Reserve Bank of Peru...

This technical note focuses on recent developments to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency and Data Modules for Sweden. The authorities are implementing recommendations of the fiscal ROSC module. The government has decided to reform the state audit...

The report on the Observance of Standards and Codes (ROSC) data module provides a review of France’s data dissemination practices against the International Monetary Fund’s (IMF) Special Data Dissemination Standard (SDDS), complemented by an in-depth assessment of the quality of six...

This report on Kenya’s Observance of Standards and Codes presents Data Module, response by the authorities, and detailed assessments using the data quality assessment framework. With regard to serviceability, Kenya either meets or exceeds the General Data Dissemination System...

This Report on the Observance of Standards and Codes (ROSC) on the Data Module on El Salvador reviews summary assessment of data quality. Dissemination of data subject to the IMF’s Special Data Dissemination Standard (SDDS) is in observance of all SDDS specifications, including data...

This report assesses Korea’s data dissemination practices against the IMF’s Special Data Dissemination Standard (SDDS) and is complemented by an in-depth assessment of the quality of the key macroeconomic datasets for the national accounts, prices, government finance, monetary, and...