| ||Date||Title and Description
|24/01/2017||Securities Holdings Statistics in Ireland - Introducing the Enhanced Quarterly Statistics
This Article presents the recently introduced Securities Holdings Statistics published by the Central Bank of Ireland, including holdings of debt securities; quoted shares; and investment fund shares and units. During the financial crisis, the availability of only limited information on holdings of securities made it difficult to identify the exposures of market participants and hindered swift
policy action. This served to underscore the need for granular, security-by security information on the operation of financial markets. The collection of data on the holdings of securities was commenced by the European System of Central Banks in early 2014 in order to close these data gaps. In order to meet growing demand for information, this new data release provides detailed
insights into the holdings of various financial instrument classes by Irish residents, including households and non-financial corporations. This Article examines the links between the holders and issuers of securities at a granular counterparty sector, country, and instrument level, and it explores the ongoing
expansion of the reporting population.
|24/01/2017||The Aircraft Leasing Industry in Ireland - Cross Border Flows and Statistical Treatment
This Article examines the development of Ireland as a hub for the global aircraft leasing industry. Alongside the US, Ireland has become one of the two major centres in the world for aircraft leasing multinationals, with a significant number of the largest global entities operating here. Using a newly created internal
Central Bank of Ireland database on aircraft leasing, we present the results following an analysis of leasing payments, funding flows, and counterparties. The scale of the aircraft leasing sector relative to the size of the Irish economy has the capacity to impact official statistics such as National Accounts and
Balance of Payments and complicates the interpretation of movements in these measures over time. As part of this research, the Article examines changes in the statistical treatment of this sector over time arising from the introduction of new statistical methodologies and its implications for official national statistics.
Finally, we summarise the possible economic contribution of the industry to Ireland’s macroeconomy and the outlook for the industry.
|24/01/2017||The Policy Framework of the International Monetary Fund (IMF) - An Overview of Recent Developments
This Article outlines some key IMF policy developments, discusses their global financial implications and highlights some direct implications for Ireland as a member of the IMF. The passing of the 14th General Review implied significant reforms to the IMF’s lending capacity, country representation and governance
as well as to the conditions under which Members can access resources. Other recent changes include a fundamental modification of the exceptional access framework and lending into arrears policies as well as the recognition by the IMF of the global currency status of the Renminbi. The Article concludes with a brief discussion of future challenges for the IMF.