Monetary
Aggregates and their Counterparts (October 2001 – December
2007)
Hereunder
you will find historical data for Malta before euro area
entry. Since October 2003, the compilation of monetary statistics
by the Central Bank of Malta has been consistent with internationally
agreed statistical concepts and methodologies as set out
in the IMF’s Monetary and Financial Statistics
Manual (2000), the European System of Accounts (ESA
1995), and Regulation
ECB/2001/13 (as amended) concerning the consolidated balance
sheet of the monetary financial institutions (MFI) sector.
Prior to October 2003, the compilation of monetary statistics
was broadly in line with the IMF’s A Guide to Money
and Banking Statistics in International Financial Statistics of December 1984, (refer to Changes In The Compilation
of Money and Banking Statistics in Malta). For comparability
and consistency purposes, data for the period October 2001
to September 2003 is based on estimates.
Notes on extraordinary revisions:
•
In January 2006, a reclassification exercise
on monetary data going back to October 2003 was undertaken. This
resulted in a change in the resident/non-resident status of certain
companies, and necessitated major revisions in the counterparts
of broad money as from that date. This also resulted in an increase
in the monetary financial institutions' net foreign assets and
a decrease in domestic credit.
•
In December 2007, the reporting
of the gross financial derivative instruments was revised by
some reporting agents to be in line with international standards,
which state that financial derivative transactions are to be
treated as separate transactions rather than as integral parts
of the value of the underlying transaction to which they are
linked. This resulted in the revisions of gross financial derivative
positions; on the assets as well as on the liabilities side as
from December 2006 data.
Further detailed information can be accessed through the General
Notes on the Central Bank of Malta website under Measures
of money.
