Central banks are key participants in the economies and financial sectors of their countries. A central bank inevitably plays a significant role in the response to a major operational disruption affecting the financial sector. Pro-active business continuity management (BCM) is therefore...

Topics: - market failure analysis; - cost-benefit analysis; - compliance analysis; - embedding best practice within an institution; and - case studies applying the methods discussed.

The topics covered in the event will fit within the following broad themes: - the appropriate objectives for macroprudential policy and the various challenges to operationalise it; - a review of the various macroprudential instruments to manage network and procyclicality risks, and their...

Topics: • the econometric modelling and forecasting of inflation in central banks; • mechanical, statistical, semi-structural and structural inflation forecasting models; • using a ‘suite’ of statistical and theoretical forecasting models; • tools for forecast evaluation and...

Monetary operations are essential to the effective implementation of a central bank’s monetary policy. This seminar will look at recent developments in money market operations, including changes made to frameworks following the global financial market crisis. In addition, it will consider how...

The aim of this workshop is to allow those responsible for the design and implementation of such policies to deepen their theoretical understanding of monetary operations and to compare and contrast experiences with their peers. The following topics will be covered: • lessons learned from the...

Central banks rely increasingly on the empirical analysis of financial markets and the information contained therein to help them analyse the state of the macroeconomy, the impact of policy actions and to estimate the effects of risk. This one-week event will provide a rigorous overview of the...

Models are essential in developing rigorous, coherent and robust frameworks for economic analysis, thinking and policymaking in central banks. This one-week seminar focuses on the basics of economic modelling with a combination of lectures on introductory modelling theory and practical exercises...

The seminar will be taught from the perspective of the practitioner with the aim of discussing techniques that can improve upon classical econometric methods, or are more convenient alternatives. The topics covered are likely to include: - introduction to Bayesian analysis and Gibbs sampling; -...

Topics: 1. Modeling monetary economies. 2. Role as lender of last resort, efficacy of financial support for banks and other financial intermediaries 3. Anchoring of inflation expectations; 4. Interactions between fiscal and monetary policy; 5. Characterising empirical relationships between...