Conferences and seminars

International Conference on the Co-ordinated Portfolio Investment Survey

On 1-2 March the International Conference on the Coordinated Portfolio Investment Survey (CPIS), organised jointly by the International Monetary Fund (IMF) and the Banco de España, was held in Madrid. The initiative, launched first by the IMF as a pilot experience in 1997 and held since 2001 as an annual exercise, provides information, as at the last day of each year, on approximately 70 countries' holdings of portfolio investment assets. Free access to the data, which are compiled in accordance with accepted standards and broken down by instrument and counterpart country, can be had on the IMF's website (http://www.imf.org/external/np/sta/pi/cpis.htm).

The CPIS is a very useful instrument for monetary, economic and financial stability-related analysis, as well as for statistical production as it contributes to enhancing the quality of national and regional statistics and to reducing global asymmetries in portfolio investment data.

The conference gathered together over 100 experts from international agencies (IMF, ECB, OECD and BIS), central banks, public and private-sector institutions, and academia. They shared their experience on the usefulness of the data provided by the Survey and on the improvements that may be made to it in the future.

• Programme (65,1 KB)

Presentations

1st day
09:00 - 09:10	Welcoming remarks José Viñals (59,4 KB), Banco de España
09:10 - 09:20	Opening remarks Neil Patterson (57,7 KB), International Monetary Fund
09:20 - 09:50	Keynote address José Manuel González-Páramo (30,2 KB), European Central Bank
09:50 - 10:45	Co-ordinated Portfolio Investment Survey. Introduction and Results John Joisce, International Monetary Fund
11:00 - 13:00	The use of the CPIS by data compilers Carin Pronk (116 KB), European Central Bank Eika Yamaguchi (184 KB), Bank of Japan Patrocinio Tello. Presentation (204 KB), Banco de España Patrocinio Tello. Working paper (204 KB), Banco de España Carol Bertaut (223 KB), Federal Reserve
14:45 - 16:15	The use of the CPIS for economic/financial analysis Carol Bertaut (295 KB), Federal Reserve Filippo di Mauro (129 KB), European Central Bank Gian Maria Milesi-Ferretti. Presentation (123 KB), International Monetary Fund Gian Maria Milesi-Ferretti. Working paper 1 (501 KB), International Monetary Fund Gian Maria Milesi-Ferretti. Working paper 2 (350 KB), International Monetary Fund
16:30 - 17:30	The use of the CPIS for economic/financial analysis (cont.) José Luis Alzola (128 KB), Citigroup. Ayse Bertrand (202 KB), OECD
2nd day
09:30 - 11:30	Round table: CPIS - Uses, limitations and potential improvements José Viñals, Banco de España (Chair) Javier Santiso (2,96 MB), OECD Development Centre Duncan McKenzie (862 KB), International Financial Services London Philippe Mesny (153 KB), Bank for International Settlements Steven Keuning (98,4 KB), European Central Bank
11:45 - 12:15	Complementary initiatives: CSDB Carin Pronk (345 KB), European Central Bank
12:15 - 12:45	The Coordinated Direct Investment Survey John Joisce (58,2 KB), International Monetary Fund
12:45 - 13:00	Closure Eduardo Rodríguez-Tenés (59,6 KB), Banco de España

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