Financial Sector Policies

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Financial Sector Policies

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Bibliographic details

• Session: JV 24.35
• Location: Vienna, Austria
• Dates: November 11-22, 2024 (2 weeks)
• Delivery method: In-person Training
• Primary language: English
• Status: Deadline passed

Program overview

• Session No.: JV 24.35
• Deadline: Deadline passed
• Location: Vienna, Austria
• Date: November 11-22, 2024 (2 weeks)
• Delivery Method: In-person Training
• Primary Language: English
• Presented by: Institute for Capacity Development

Target audience

• Junior to senior government officials engaged in setting policy for the financial sector, particularly:
  • Staff of central banks
  • Financial regulators
  • Any other agencies involved in micro- or macroprudential oversight

Qualifications and prerequisites

• Expected background:
  • Advanced degree in economics or finance, or equivalent work experience
  • Basic understanding of econometrics
  • Ability to interpret econometric results
  • Working knowledge of Excel
• Strong recommendation:
  • Completion of the online Financial Market Analysis (FMAx) course
  • Completion of the Financial Sector Surveillance (FSS) course
  • Rationale: understanding and assessing financial sector risks is important to the design of mitigating policies

Course description

• Begins with an overview of financial risks and transmission channels:
  • How shocks are transmitted within and between the financial system and the real sector
• Examines design and impact of financial sector policies to mitigate assessed vulnerabilities:
  • Rationale for micro-prudential and macroprudential policies
  • Interactions between macroeconomic and macro-prudential policies
• Emphasis:
  • Preventive strategies
  • Also covers policies to deal with financial distress situations and contingency planning
• Methodology:
  • Combination of lectures, case studies, and hands-on workshops
  • Participants discuss and experiment with various policies to gauge intended and unintended outcomes
• Note: Participants primarily interested in risk assessment are referred to the Financial Sector Surveillance course, where that is the focus

Course objectives (learning outcomes)

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

• Identify channels through which shocks are transmitted between the financial sector and the real economy, and within and between financial systems.
• Analyze relevant micro- and macroprudential policies, how they are likely to interact with other policies, and any possible unintended consequences.
• Recommend macroprudential tools to prevent and mitigate systemic risk and identify likely specific implementation challenges.
• Assess the effectiveness of microprudential and macroprudential policies.

References

• In-person Training
• Core Elements of Banking Supervision (CBS)
• Advanced Government Finance Statistics (GFS-A)
• Fiscal Sustainability (FS)
• Safeguards Assessments of Central Banks (SAC)
• Macroeconomic Management in Resource Rich Countries (MRC)