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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.

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    Qualifications

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

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    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.
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    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    March 14, 2022 March 25, 2022 Singapore, Singapore ST 22.07V English Apply online by December 1, 2021
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    Apply Now - Application deadline approaching:

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

    Virtual : Balance Sheets and Accumulation Accounts (BSAA)

    English, November 1-12, 2021, Singapore, Singapore

    Apply online by September 20, 2021

    Virtual : Exchange Rate Policy (ERP)

    English, November 8-19, 2021, Singapore, Singapore

    Apply online by September 21, 2021

    Virtual : Macroeconomic Diagnostics (MDS)

    English, September 27, 2021 - October 7, 2021, New Delhi, India

    Apply online by September 22, 2021

    Virtual : Fiscal Sustainability (FS)

    English (Arabic), November 1-11, 2021, Kuwait City, Kuwait

    Apply online by September 24, 2021

    Revenue Forecasting and Analysis (RFAx)

    English, October 1, 2021 - November 26, 2021, Course conducted online

    Apply online by September 24, 2021