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The reconstruction of back data for Italy's balance of payments and international investment position (1945-1969)

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  • Enrico Tosti

    (Bank of Italy)

Abstract

The changeover to the IMF’s sixth Balance of Payments Manual (BPM6) has meant a significant revision of the international standards for compiling external statistics (flows and stocks). This statistical work reconstructs these statistics for Italy between the immediate post-war period and 1969, extending previous research that covered the period between 1970 and the second half of the 1990s. The methodological approach adopted was to rely as much as possible on the available data, mainly sourced from the Bank of Italy, although strict compliance with BPM6 standards was not always possible, mainly due to the lack of some statistical information in the historical data. The possibility of having longer time series nonetheless widens the scope for the long-term analysis of real and financial phenomena concerning Italy’s external economic relations.

Suggested Citation

  • Enrico Tosti, 2022. "The reconstruction of back data for Italy's balance of payments and international investment position (1945-1969)," Questioni di Economia e Finanza (Occasional Papers) 694, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_694_22
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2022-0694/QEF_694_22.pdf
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    More about this item

    Keywords

    balance of payments; international investment position; time series reconstruction; back data;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • F00 - International Economics - - General - - - General
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • Y1 - Miscellaneous Categories - - Data: Tables and Charts

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