Connect with IMF Institute
Financial Sector Policies

Topics in Systemic Macro-Financial Risk Analysis (MFRA)

Apply online by March 5, 2023

Session No.: JV 23.15

Location: Vienna, Austria

Date: May 29, 2023 - June 7, 2023 (2 weeks)

Primary Language: English

Apply Now

    Target Audience

    Officials from central bank financial stability departments, banking regulatory and supervisory bodies, and ministries of finance. Participants are expected to have a degree in economics or finance. Experience with financial stability analysis is highly desirable.

    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, developed and delivered by the Monetary and Capital Markets Department of the International Monetary Fund (IMF), provides a comprehensive overview of macro-financial stress testing, and related analytical tools and methodologies developed by IMF staff. It has a topical nature, meaning that each year it combines certain "base elements" of a curriculum with topical themes that deserve emphasis at the current juncture. The 2023 course is designed around the following themes:

    • Systemic risk assessment: Definition, dimensions, monitoring, measuring. Sources and amplification channels of economic cycles. Policies to contain systemic risk in its various dimensions. 
    • Macroprudential financial sector stress testing: Definition and purpose. Cyclical vs. structural macro-financial scenario design. Macro-financial feedback effects, including with a view to banks, non-bank financial institutions, and the economy at large. 
    • Solvency and liquidity stress testing models.
    • Best practice and frontier methodologies regarding contagion and modeling of interconnectedness.  
    • Primer on climate risk analysis, with a focus on the role of financial system performance conditional on climate transition and physical risk scenarios. 
    Back to top

    Course Objectives

    Upon completion of this course, participants are meant to have acquired a solid understanding of the above-mentioned topics. The course is meant to be "hands-on" in large parts, meaning that various analytical tools will be provided to course participants under the topical blocks and participants be trained for their use. This will include, for example, quantitative methods to measure systemic risk (balance sheet-based, market data-based), credit risk model components pertaining to IFRS 9, etc. Participants can take such model components with them to their home institutions, which should further aid their understanding and application of the relevant methods in their future work. 

    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.

    Virtual : Fintech Market Development and Policy Implications (FINTECH)

    English (French, Portuguese), February 27, 2023 - March 3, 2023, Ebene, Mauritius

    Apply online by February 8, 2023

    Financial Soundness Indicators (FSI)

    English (French, Portuguese), February 20-24, 2023, Ebene, Mauritius

    Apply online by February 8, 2023

    Financial Development and Financial Inclusion (FDFI)

    English, April 10-21, 2023, New Delhi, India

    Apply online by February 9, 2023

    Financial Sector Surveillance (FSS)

    English, May 8-19, 2023, Singapore, Singapore

    Apply online by February 10, 2023

    Quarterly National Accounts and High Frequency Indicators of Economic Activity (QNAx)

    English, February 13, 2023 - March 31, 2023, Course conducted online

    Apply online by February 10, 2023