| Balance of payments - Advanced course | |
| Course Leader | Rafaël CEZAR |
| Target Group | Staff members in the field of National Accounts (NA) and Balance of Payment (BoP) departments in National Statistical Offices and National Banks. |
| Entry Qualifications | - Sound command of English. Participants should be able to make short interventions and to actively participate in discussions
- Basic knowledge of Economics and Statistics
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| Objective(s) | - The course aims at providing an advanced knowledge of the elaboration and use of statistics on: trade in goods, services, financial flows, trade in value added and IIP statistics
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| Contents | The course will aim at providing participants with advanced knowledge and classifications regarding: - Goods and services account
- Primary income account
- Secondary income account
- Capital account
- Putting all accounts together – complete balance of payments, errors and omissions
- International investment position and financial account
- Compiling aggregates for currency unions and economic union
- Main data sources and data compilation issues
- Data quality issues: quality report, consistency with the national accounts, bilateral asymmetries with partner statistics (intra-EU, external)
- Economic analysis of BoP statistics: trade in value added, measurement of Global value chain; CO2 content in trade, effect of pandemics
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| Expected Outcome | Participants acquire an advanced knowledge of the overall framework and main items in the elaboration of BoP data, the articulation with national accounts, and main usages of BoP and IIP data for economic analysis |
| Training Methods | Formal presentation, practical exercises, roundtable, workshops |
| Required Reading | None |
| Suggested Reading | - International Monetary Fund, Balance of Payments and International Investment Position Manual, 6th edition (BPM6) ;
- International Monetary Fund, BPM6 Compilation Guide ;
- European Central Bank, European Union Balance of Payments and International Investment Position statistical sources and methods, 2016. Euro area balance of payments press releases (https://www.ecb.europa.eu/press/pr/stats/bop/html/index.en.html);
- Eurostat, “Services Trade Statistics by Modes of Supply”( https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Services_trade_statistics_by_modes_of_supply);
- Eurostat, “Impact of Covid-19 on international trade in goods statistics” (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Impact_of_COVID-19_on_international_trade_in_goods_statistics);
- Eurostat, Globalisation Patterns in EU Trade and Investment, 2017 (https://ec.europa.eu/eurostat/documents/3217494/8533590/KS-06-17-380-EN-N.pdf/8b3e000a-6d53-4089-aea3-4e33bdc0055c) ;
- Eurostat, “Transatlantic trade in services: Investigating bilateral asymmetries in EU-US trade statistics”, 2017 (https://ec.europa.eu/eurostat/documents/7870049/8544118/KS-GQ-17-016-EN-N.pdf/eaf15b03-5dcf-48dd-976f-7b4169f08a9e).
- Bê Duc, L. (2008), Mayerleen F. and Sola P., “The Monetary presentation of the balance of payments”. Occasional paper of the ECB n° 37
- Picon Aguilar, C., Oliveira Soares R. and Adalid M. (2020), “Revisiting the monetary presentation of the balance of payments”. Occasional paper of the ECB n° 238
- Cezar, R. & Polge, T. (2020)· “CO2 emissions in French international trade” Bulletin Banque de France issue 229, article 4
- Cezar, R. & Polge, T. (2020)· “CO2 emission in international trade” Bulletin Banque de France, issue 226, article 1
- Cartelier, F. & Cezar, R. (2019) “Price and non-price competitiveness: lessons from global value chains” Bulletin Banque de France, issue 224, pages 1-16
- Cezar, R. & Le Gallo, F. (2019) “Is the European Union really in surplus vis-à-vis the United States?” Banque de France Bloc-notes Eco
- Cezar, R. & Fegar, G. (2018) “French trade in services by mode of supply” (2018) Bulletin Banque de France QSA, issue 49 pages 25-40
- Cezar, R. (2016) “France’s trade integration measured in value added” (2016) Bulletin Banque de France QSA, issue 43, pages 47-58
- Golfier (C.), 2018, « Going further than ITRS to draw up the French BOP: three tailor-made surveys”, Ninth Irving Fisher Committee (IFC) conference on central banks statistics “Are post-crisis statistical initiatives completed?”, 30-31 August; upload document and presentation.
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| Required Preparation | None |
Trainer(s)/
Lecturer(s) | Rafaël CEZAR (independent expert) Cécile GOLFIER (independent expert) Florian LE GALLO (independent expert) |
