G-20 Data Gaps Initiative II: Meeting the Policy Challenge

Abstract

The G-20 Data Gaps Initiative (DGI), which aimed at addressing the information needs that were revealed by the 2007/2008 global financial crisis, concluded its first phase and started a second phase (DGI-2) with the endorsement of G-20 Finance Ministers and Central Bank Governors in September 2015. The DGI-2 recommendations maintain the continuity of DGI-1 but reflecting the evolving policy needs focus more on datasets that support the monitoring of risks in the financial sector and the analysis of the inter-linkages across the economic and financial systems. The paper presents the DGI as an overarching initiative, bringing together various statistical frameworks for a complete picture of the economic and financial system to support the work of policy makers.

Keywords: data gaps, financial interconnections, global financial crisis, cross-border interconnectedness, regulation, financial crisis, central bank, good, insurance, investment, General, Financial Markets and the Macroeconomy, International Lending and Debt Problems, Government Policy and Regulation, Government Policy and Regulation

JEL Classification: E20, E44, F32, F34, G01, G15, G18, G20, G21, G22,