A primary function of any central bank is to maintain public confidence in the currency. The objective of this workshop is to discuss how the central bank achieves this, including efficient distribution and availability of all denominations, and the physical quality of the notes themselves...

The following topics are likely to be covered: • an introduction to recent research on exchange rates, in particular market microstructure models and the new open economy macroeconomic paradigm; • aspects of foreign-exchange reserve management; • exchange rates and the transmission...

The following topics will be covered: • the role of liquidity forecasting in open market operations; • an analysis of the central bank’s balance sheet, including currency in circulation, government balances and net foreign assets; • the appropriate degree of publication of the liquidity...