July 17, 2023

July 28, 2023

Course Number:

Application Deadline

April 28, 2023

In-Person : Monetary and Financial Statistics - Introductory (MFS-I)

July 17 - 28

Target Audience

Central bank officials and officials from financial regulatory agencies responsible for compiling monetary statistics.


Participants are expected to have a degree in economics or statistics or equivalent experience.

Course Description

This course, presented by the Statistics Department, provides participants with an introduction to the compilation of monetary statistics covering the central bank (CB) and other depository corporations (ODCs) in accordance with international standards. Course materials are based on the Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). The course discusses the principles of residency and sectorization of institutional units, the characteristics and types of financial instruments, valuation principles, and other accounting issues that are relevant to the compilation of monetary statistics. Participants also become familiar with the defining characteristics of depository corporations (DCs), notably their role as money issuers, and with the main principles on which analysis of monetary and credit aggregates is based. The course consists of lectures, and exercises covering practical aspects of compiling monetary statistics, especially the use of financial statements for filling out standardized report forms (SRFs 1SR and 2SR) and the derivation of the respective surveys for the CB, ODCs, and the consolidated DCs sector. Participants should be prepared to ask questions and discuss challenges related to MFS compilation practices. This course is an abbreviated version of the longer, introductory MFS course traditionally offered by STA in-person.

Course Objectives

Upon completion of this course, participants should be able to:

  • Compile monetary statistics (sectoral balance sheets and surveys) for the CB, ODC, and DC sectors according to the methodology recommended by the MFSMCG using the SRFs 1SR and 2SR.
  • Participants should be able to properly classify balance sheet accounts according to residency, counterpart sector, and type of financial instrument, and to correctly apply valuation and other accounting principles.
  • Understand how the DCs survey and the main monetary and credit aggregates support the analysis of monetary policy.
Language: English
Application process: Please apply online