Page 436 - Special Topic Session (STS) - Volume 3

STS552 João Falcão Silva et al.

,
∑ ,
=1
,
̅
, =
b. Apply the average in a. to the Non-banks sector N for periods
̂
where no information is available ( ,+ ):
,
,
,
̂
̅
+ () = + × , () ; = and = 1, 2, … , .
2. Deposits placed with banks by households (H) of a country –
liabilities of banks vis-à-vis P amounts are reported prior to sector H
[ie sector H available from quarter later than Q4 2013]: We use
reported data from available quarters and apply estimation method
such as 1a. (simple/weighted/moving average from reported data of
26
sector H) to earlier periods back to Q4 2013 . For quarters prior to
Q4 2013, apply 1b. including estimated data up to Q4 2013.

However, if for certain periods country reports sector P but no
subsectors of P vis-à-vis country, we consider the following approach:

a. Calculate the average over reported ‘n’ quarters of the households
(H) weight to sector P for the reporting country ‘i’ vis-à-vis country
,
̅
( , )
,

∑ ,
=1
̅
, =
,

̅
b. Apply , to the reported amount of Non-financial sector P for c
,
periods:
,
̅ ,
̂
̅
() = , (liabilities); = 1,2, … , stands for

periods with sector P without its subsector.
c. For the non-reported periods, we adopt 1a and 1b. In other words,
calculate the average for the estimated periods of the weight of
the estimated Household amounts on the Non-bank sector, ‘N’,
̅
( ):
̂

̂

∑
=1
̅
̂
=

d. Apply the average in c. to the Non-banks sector N for the periods
̅
̂
where no information is available ( + ):

26 For example, Spain reports deposits liabilities vis-à-vis sector H of PT from Q1 2017.
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