Connect with IMF Institute
Financial Sector Policies

Virtual : Systemic Macro Financial Risk Analysis (MFRA)

Deadline passed

Session No.: JV 22.12V

Location: Vienna, Austria

Date: June 20-24, 2022 (1 week) New dates

Delivery Method: Virtual Training

Primary Language: English

    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 Description

    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).
    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

    Apply Now - Application deadline approaching:

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

    Financial Sector Policies (FSP)

    Spanish | June 3-14, 2024 | In-person Training | Washington, D.C., United States

    Apply online by February 25, 2024

    Macroeconometric Forecasting and Analysis (MFA)

    English (French, Portuguese) | March 25, 2024 - April 5, 2024 | In-person Training | Ebene, Mauritius

    Apply online by February 25, 2024

    Safeguards Assessments of Central Banks (SAC)

    English | May 6-10, 2024 | In-person Training | Vienna, Austria

    Apply online by February 25, 2024

    Virtual : Financial Market Infrastructures: Principles and Practices (FMI-PP)

    English (French, Portuguese) | March 11-15, 2024 | Virtual Training | Ebene, Mauritius

    Apply online by February 25, 2024

    International Tax Administration

    English | April 1-5, 2024 | In-person Training | New Delhi, India

    Apply online by February 26, 2024