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A Flow-of-Funds Perspective on the Financial CrisisConceptual Framework of Financial Accounts: The Case of Slovenia

A Flow-of-Funds Perspective on the Financial Crisis: Conceptual Framework of Financial Accounts:... [In this chapter, I would like to draw attention to the further need for the qualitative development of a comprehensive and consistent statistical information system of quarterly financial and broader sectoral accounts in each European Union (EU) Member State and, in particular, in all member countries of the Economic and Monetary Union (EMU). In light of the financial crisis, financial stability has become a ‘broader goal’ of monetary policy. These circumstances require all responsible actors and euro area countries to put in place efficient information and decision support systems for economic policy. The policies, which have remained a national competency, should be consistent in two ways: with the national economic situation and with the goals of monetary union. Therefore, we must be able to compare related decisions and consequences at a harmonised level.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Flow-of-Funds Perspective on the Financial CrisisConceptual Framework of Financial Accounts: The Case of Slovenia

Part of the Palgrave Studies in Economics and Banking Book Series
Editors: Winkler, Bernhard; van Riet, Ad; Bull, Peter
Fabijan, Janez
A Flow-of-Funds Perspective on the Financial Crisis — Nov 24, 2015
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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2014
ISBN
978-1-349-46946-8
Pages
128 –151
DOI
10.1057/9781137353016_5
Publisher site
See Chapter on Publisher Site

Abstract

[In this chapter, I would like to draw attention to the further need for the qualitative development of a comprehensive and consistent statistical information system of quarterly financial and broader sectoral accounts in each European Union (EU) Member State and, in particular, in all member countries of the Economic and Monetary Union (EMU). In light of the financial crisis, financial stability has become a ‘broader goal’ of monetary policy. These circumstances require all responsible actors and euro area countries to put in place efficient information and decision support systems for economic policy. The policies, which have remained a national competency, should be consistent in two ways: with the national economic situation and with the goals of monetary union. Therefore, we must be able to compare related decisions and consequences at a harmonised level.]

Published: Nov 24, 2015

Keywords: Monetary Policy; Euro Area; European Central Bank; International Financial Reporting Standard; Financial Account

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