Financial Accounts in Europe: Beginnings, Development and Harmonisation

Author/s Riccardo Massaro
Publishing Year 2008 Issue 2008/1 Language Italian
Pages 28 P. 53-80 File size 102 KB
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Financial Accounts in Europe: Beginnings, Development and Harmonization (by Riccardo Massaro) - Modern financial accounts are a group of interconnected statistics that give information on financing flows across all sectors. Their construction requires the solution of several conceptual and practical problems. The essay describes the evolution of financial accounts, mainly focusing on European countries and institutions. The starting point is the reflections of Keynes in the 1930s on the financing of investment. Requests for precise financial statistics were later formulated by various bodies, to closely monitor the evolution of the economy. A perspective is provided on the progress made in the compilation of financial accounts and on outstanding issues. Keywords: Financial accounts; Sector financing; Liquid assets; International institutions; European convergence.

Riccardo Massaro, Financial Accounts in Europe: Beginnings, Development and Harmonisation in "STORIA DEL PENSIERO ECONOMICO" 1/2008, pp 53-80, DOI: