[Forum SIS] Seminario COLANGELO

[matteo.ruggiero a unito.it]

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CICLO DI SEMINARI - COLLEGIO CARLO ALBERTO
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Nell'ambito del ciclo di seminari organizzato dalla
"de Castro Statistics Initiative"
(www.carloalberto.org/stats),
alle ore 16.00 di Giovedi' 16 Febbraio 2012,
presso la Sala Gialla del Collegio Carlo Alberto,
via Real Collegio 30, 10024, Moncalieri, Torino,

ANTONIO COLANGELO (European Central Bank)

terra' un seminario dal titolo

BANKS' BALANCE SHEET STATISTICS AND FINANCIAL FLOWS IN THE
EURO AREA

Abstract:
The analysis of money and credit developments is core to
the conduct of monetary policy. Those statistics are
constructed in the euro area starting from the balance
sheets of resident banks. By appropriately netting banks'
cross-positions in the euro area, aggregated positions are
identified with euro area resident non-banks, leading to
the main credit and monetary aggregates, as well as with
non-euro area residents. Financial innovation (e.g.
securitisation, activities with central counterparties,
...) poses many challenges in this framework as the
balance sheets of banks continuously change to reflect new
developments in financial markets. In particular,
aggregated macro-economic statistics may deliver wrong
messages if they were not corrected for the impact of
these factors, thus making new data requirements and
flexible aggregation procedures core to monetary analysis.


Tutti gli interessati sono invitati a partecipare.

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Matteo Ruggiero
University of Turin
http://web.econ.unito.it/ruggiero