Globalisation can only be analysed in a meaningful way if the concepts, definitions and classifications underlying the statistics are standardised. Fortunately, this is largely the case, as these standards are laid down in, for example, the 1993 System of National Accounts and the IMF Fifth Balance of Payments Manual.
The Board believes the FDIC should be free to establish risk categories based on any well-researched economic variables and to impose premiums commensurate with these risk classifications.