January 2015

Chapter 7. Balance of payments and international investment position

The economic indicator 7.8 'Spanish reserve assets' has been aligned to the new international requirements, released by the IFM's: "International Reserves and Foreign Currency Liquidity Guidelines for a Data Template" , 2013, ( in a new window). The main change with respect to the previous guidelines is that short-term loans to funds managed by the IFM are reclassified. So they have changed from their previous location in deposits to now being included in other reserve assets in addition to the financial derivatives. The time series have been revised to prevent methodological breaks.