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Draft set of financial indicators − Canadian System of National Accounts. Working Party on Financial Statistics Patrick O’Hagan, Statistics Canada November 2009. Recent global financial crisis and its impact (s) Increased use of / need for financial statistics
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Draft set of financial indicators − Canadian System of National Accounts Working Party on Financial Statistics Patrick O’Hagan, Statistics Canada November 2009
Recent global financial crisis and its impact (s) Increased use of / need for financial statistics Frequency and timeliness considerations Details and assessments of financial performance/risk SNA Financial Account and Balance Sheet Account … as well as related accounts Data may be expressed in the form of financial indicators for ease of interpretation Draft set of macro-financial indicators built primarily from quarterly Financial Flow Accounts (8 weeks) and National Balance Sheet Accounts (10 weeks). Financial crisis: Increased leverage of macro-economic financial statistics
Households: Pension Satellite Account - Proportion of pension assets in financial assets
Non-financial corporations: Liquidity (excluding inventories)
Non-financial corporations: Structure of financing activity (external)
Non-financial corporations: Structure of financing activity (internal-external)
Institutional investors (pension and investment funds): Assets; gains/losses
Economy-wide: Household non-financial assets in national wealth
Economy-wide: Structure of the market for federal government short-term paper
Economy-wide: Pension Satellite Account - Structure of pension assets
Timely set of indicators built from the SNA financial accounts components can shed light on economic behaviour and financial markets … recent financial crisis and impact (s) Future work, includes release of Pension Satellite Account, further development of yield accounts, completion of Other Changes in Assets Account, extended corporate sector income and outlay … all would extend financial indicators analysis Experiences in other OECD countries? Questions? Summary, future work, questions