The book ‘Promoting Excellence in European Statistics’ celebrates 20 years of the Committee on Monetary, Financial and Balance of Payments Statistics (CMFB). The CMFB is the principal forum for co-ordinating work in statistics among the National Statistical Institutes and Eurostat, on the one hand, and the National Central Banks and the European Central Bank, on the other.
This European committee was created in 1991 by decision of the Council, with the aim of supporting the European Commission in designing and implementing the work programmes in the fields of monetary, financial and balance of payments statistics. The committee is made up of representatives of the National Statistical Institutes and the National Central Banks, the European Commission and the European Central Bank.
‘Promoting Excellence in European Statistics’ is divided into two sections. The first one focuses on the history of the CMFB and is mostly based on contributions from the CMFB ex-Chairmen. The second section addresses the CMFB initiatives to meet new challenges and encompasses several themes, such as cooperation, the new international guidelines, revision policies, the advisory role of the CMFB in relation to the Excessive Deficit Procedure (EDP), communication and statistical literacy and strategic priorities.
The CMFB has performed an important role in advising on issues relating to public finance statistics (budget deficit and public debt), in particular in relation to decisions in the area of Excessive Deficit Procedure.
Published in 2011
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