Statistics Directorate

Understanding Financial Accounts

Published on November 06, 2017

book

Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and balance sheets, by providing non-technical explanations illustrated with practical examples: What are the basic principles, concepts and definitions used for this framework which is part of the system of national accounts? What sources and which methodologies are used for their compilation? How are these used to monitor and analyse economic and financial developments? What can we learn about the 2007-2009 economic and financial crisis when looking at the numbers provided in this framework? What can we learn about financial risks and vulnerabilities? This publication is intended for young statisticians, students, journalists, economists, policy makers and citizens, who want to know more about the statistics that are at the heart of the analysis of financial developments in OECD economies.

TABLE OF CONTENTS

Foreword
Executive summary
A brief overview of financial accounts and balance sheets
Financial accounts and balance sheets within the System of National Accounts
The role of financial markets
The role of financial corporations in the financial system
Households and their financial behaviour
The financing of non-financial corporations
Deficit and debt of general government and public sector
The financial relationships with the Rest of the World
A full accounting for wealth: Including non-financial assets
Accounting for the financial consequences of demographic changes
Globalisation, financial innovation and crises
Financial accounts uses
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