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- W777777280 abstract "The Asian Crisis in 1997–98 revealed major gaps in statistical coverage of the domestic financial sector and the external sector that permitted serious vulnerabilities to go undetected. Such gaps meant that national authorities lacked information needed to take timely and appropriate steps to improve conditions, and that the IMF did not have sufficient information for an effective oversight of the economies of its member countries. In response to this situation, the IMF launched several major statistical initiatives to improve coverage of potential financial and external vulnerabilities – the Template on International Reserves and Foreign-Currency Liquidity, External Debt Statistics, and Financial Soundness Indicators. This paper will focus on Financial Soundness Indicators, or FSIs, which are aggregate measures of the current financial health and soundness of the financial institutions in a country and of their corporate and household counterparties. It will briefly describe the history of the FSI project and the development of the FSI methodology; the results of an international coordinated compilation exercise undertaken by the IMF and participating member countries; some key methodological challenges; and possible next steps for taking forward the work of the IMF in this area." @default.
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- W777777280 date "2008-01-01" @default.
- W777777280 modified "2023-09-27" @default.
- W777777280 title "The IMF's work on financial soundness indicators" @default.
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