Globalisation and the challenges for central banks financial statistics

Abstract

Monetary policy decision-making and the task of promoting the stability of the financial system require central banks to have comprehensive data and an up-to-date analysis of trends in the monetary economy and financial markets. The market has an abundance of data to offer on these topics, but it is hard to obtain an overall analytical picture of increasingly globalised and complex markets. Moreover, essential data needed for decision-making has to be acquired as cheaply as possible.