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About this product
- DescriptionThe International Monetary Fund (IMF) launched the data standards initiatives to enhance member countries' data transparency and to promote their development of sound statistical systems. The need for data standards was highlighted by the financial crises of the mid-1990s, in which information deficiencies were seen to play a role. Under the data standards initiatives, the IMF established the <em>Special Data Dissemination Standard (SDDS)</em> in 1996 to provide guidance to countries that have or seek access to capital markets to disseminate key data so that users in general, and financial market participants in particular, have adequate information to assess the ecomic situations of individual countries. The <em>SDDS</em> t only prescribes that subscribers disseminate certain data categories, but also prescribes that subscribers disseminate the relevant metadata to promote public kwledge and understanding of their compilation practices with respect to the required data categories. In 1997, the IMF introduced under the initiatives the <em>General Data Dissemination System (GDDS)</em> to provide a framework for countries that aim to develop their statistical systems, within which they can work toward disseminating comprehensive and reliable data and, eventually, meet <em>SDDS</em> requirements. At the Eighth Review of the Fund's Data Standards Initiatives in February 2012, the IMF's Executive Board approved the <em>SDDS Plus</em> as an upper tier of the Fund's data standards initiatives. The <em>SDDS Plus</em> is open to all <em>SDDS</em> subscribers and is aimed at ecomies with systemically important financial sectors.
- PublisherInternational Monetary Fund (IMF)
- Date of Publication28/02/2014
- SubjectComputing: Textbooks & Study Guides
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- ImprintInternational Monetary Fund (IMF)
- Width152 mm
- Height229 mm
- Edited byInternational Monetary Fund
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