| Description | The sixth edition builds on the growing interest in examining vulnerabilities using balance sheet data, as reflected in the addition of international investment position to the title, and extensive elaboration of balance sheet components. The Manual also takes into account developments in globalization, for example, currency unions, cross-border production processes, complex international company structures, and issues associated with international labor mobility, such as remittances. In addition, it deals with developments in financial markets by including updated treatments and elaborations on a range of issues, such as securitization and special purpose entities.
Because of the important relationship between external and domestic economic developments, the Manual was revised in parallel with the update of the System of National
Accounts 2008. To support consistency and interlinkages among different macroeconomic
statistics, this edition of the Manual deepens the harmonization with the System of
National Accounts and the IMF’s manuals on government finance and on monetary and
financial statistics. |