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- Title
Cost-benefit analysis of monetary and financial statistics.
- Authors
Holder, Andrew
- Abstract
Data collected by the Bank of England from UK banks are used in compiling a range of economic statistics published by the Bank, the Office for National Statistics and other organisations. These data help the Bank maintain monetary and financial stability, and contribute to many other economic analyses. But data collection inevitably imposes some costs on those supplying the information. This article describes a cost-benefit analysis (CBA) framework that has been developed to help balance the demands on data suppliers with the needs of users. It sets out some of the practical solutions employed in applying CBA to monetary and financial statistics and early results of the project.
- Subjects
UNITED Kingdom; FINANCIAL statistics; COST effectiveness; BANK of England; ECONOMICS; BANKING industry; FINANCE
- Publication
Bank of England Quarterly Bulletin, 2006, Vol 46, Issue 2, p161
- ISSN
0005-5166
- Publication type
Article