Connect with IMF Institute

Systemic Macro Financial Risk Analysis (MFRA)

Financial Sector Policies

This course, presented by the Monetary and Capital Markets Department, provides a comprehensive overview of the theories, tools, and techniques necessary for thorough financial stability analysis. Topics include:

  • Systemic risk assessment using a variety of models: their pros and cons, and how they are related;
  • Tools for monitoring systemic risk: risk dashboard;
  • Modeling links and feedback loops between macroeconomic variables and the financial sector, and vulnerabilities and risks of banks, nonbank financial institutions, non-financial corporates, households, and general government;
  • Extracting information from firms’ balance sheets and market data;
  • High level overview of macro-financial risk analysis using stress testing of banks and non-bank financial institutions, corporates, and households;
  • High level overview of networks: contagion and interconnectedness analysis;
  • Overview of climate risk analysis and stress testing;
  • Analysis of country cases when comprehensive public and market data are available; and
  • Analysis that can be carried out in data-constrained countries (illustrated by country case studies and workshops with spreadsheets).
Read More Topic : Financial Sector Policies

    Target Audience

    Officials from central bank financial stability departments, banking regulatory and supervisory bodies, and ministries of finance.

    Back to top

    Qualifications

    Participants are expected to have a degree in economics or finance. Experience with financial stability analysis is highly desirable.

    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to:

    • Explain how to use balance sheet and market data to construct risk indicators to measure and monitor sector and systemic risk.
    • Summarize the tools and data needed for thorough monitoring of systemic risk. 
    • Define data inputs, outputs, and applications of several types of systemic risk models, their pros, and cons, and how they relate to one other. 
    • Build models that relate macro variables to the time series of risk indicators.
    • Analyze risk transmission and feedback between macro variables and risk indicators for banks, nonbank financial institutions, corporates, households, and the sovereign.
    • Understand climate risk transmission channels.
    • Analyze sovereign-bank linkages.
    Back to top

    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    June 20, 2022 June 24, 2022 Vienna, Austria JV 22.12V English Deadline passed
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    VITARA - Human Resource Management (VITARA-HRM)

    English, May 18, 2022 - June 8, 2022, Course conducted online

    Apply online by May 17, 2022

    Virtual : Monetary and Financial Statistics - Advanced (MFS-A)

    English, August 8-19, 2022, Singapore, Singapore

    Apply online by May 20, 2022

    Financial Programming and Policies (FPP)

    English (French, Portuguese), July 4-15, 2022, Ebene, Mauritius

    Apply online by May 20, 2022

    Virtual : Macroeconomics of Pandemics in LICs and EMs

    English (French, Portuguese), June 27, 2022 - July 5, 2022, Ebene, Mauritius

    Apply online by May 20, 2022