Draft set of financial indicators − Canadian System of National Accounts Working Party on Financial Statistics Patrick O’Hagan, Statistics Canada November 2009
Financial crisis: Increased leverage of macro-economic financial statistics 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).
Households: Components/uses of saving
Households: Composition of financial assets
Households: Pension Satellite Account - Proportion of pension assets in financial assets
Households: Leverage
Non-financial corporations: Relative financial asset growth
Non-financial corporations: Composition of assets
Non-financial corporations: Liquidity (excluding inventories)
Non-financial corporations: Structure of financing activity (external)
Non-financial corporations: Structure of financing activity (internal-external)
Non-financial corporations: Leverage
Institutional investors (pension and investment funds): Assets; gains/losses
Institutional investors: Composition of assets
Banks and near-banks: Composition of financial assets
Banks and near-banks: loans to deposits
Issuers of asset-backed securities assets: Market shares
Federal government: Composition of assets
Federal government: Short-term to long-term debt
Non-resident sector: Composition Canadian investment abroad
Economy-wide: Household non-financial assets in national wealth
Economy-wide: Sector Debt to GDP
Economy-wide: Structure of the market for federal government short-term paper
Economy-wide: Pension Satellite Account - Structure of pension assets
Summary, future work, questions 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?