Philip Lane, 26 January 2015

There has been spectacular growth in cross-border financial linkages over the last 20 years.  Moreover, boom-bust cycles in international financial flows have contributed to financial instability and financial crises in a number of countries. While the coverage of international financial datasets has sharply improved in recent years, this column introduces CEPR Policy Insight 77, explaining that the currently available data lacks the detailed information (in particular, the matrix of cross-border sectoral exposures) to provide a sufficient basis for risk surveillance and monitoring. Accordingly, a high priority for policymakers is to implement current proposals to improve the scope and quality of international financial data.

Philip Lane, 26 January 2015

There has been spectacular growth in cross-border financial linkages over the last 20 years.  Moreover, boom-bust cycles in international financial flows have contributed to financial instability and financial crises in a number of countries. While the coverage of international financial datasets has sharply improved in recent years, this column explains that the currently available data lacks the detailed information (in particular, the matrix of cross-border sectoral exposures) to provide a sufficient basis for risk surveillance and monitoring. Accordingly, a high priority for policymakers is to implement current proposals to improve the scope and quality of international financial data.

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