1. Valuation of foreign direct investment positions - final report
- Author
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De Boeck, Roger, Hügelschäffer, Sebastian, McDonagh, Stephen, Portero, Patricia, Nivat, Dominique, Pellegrini, Valeria, Veitzné Kenyeres, Erika, Hillebrand, Rini, Dell’mour, René, Mendes Mateus, Márcio Filipe, Williams-Fletcher, Ciara, Bannister, Neil, de la Fuente Layos, Luis, Oliveira-Soares, Rodrigo, Ruiz González, Beatriz, and Task force on valuation of foreign direct investment positions
- Subjects
C82 ,ddc:330 ,F21 ,foreign direct investments statistics ,A39 ,FDI valuation ,market value ,own funds at book value ,balance of payments statistics - Abstract
The mandate of the Task Force on Valuation of Foreign Direct Investment (FDI) Positions was to review the methods to value direct investment positions stated in Annex III of the Guideline ECB/2011/23 on External Statistics. In particular, the work of the Task Force was focused on reviewing recent developments that may justify amendments to the current method and assessing whether new methods to be applied in the national contributions to the euro area aggregate would lead to a more reliable international investment position (i.i.p.), in particular by increasing the consistency in the valuation of FDI assets and liabilities. The report concluded that in some cases where the use of own funds at book value (OFBV) data would lead to significant biases in the national net i.i.p., other valuation methods than OFBV could be used, adding that national compilers shall exchange information on those positions with the other relevant Member State(s). National compilers should then consider, on a case-bycase basis, adjusting the valuation of those positions in order to strive for a consistent recording of these investments by counterpart EU countries. The Task Force’s final report was considered and approved by the Working Group on External Statistics at its meeting on 30 and 31 October 2012.
- Published
- 2013