Financial Sector Policies
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Bibliographic details
- Session: OT 24.12
- Location: Washington, D.C., United States
- Dates: June 3-14, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: Spanish
- Status: Deadline passed
Training program and target audience
- Training Program: Financial Sector Policies, presented by the Institute for Capacity Development.
- Target Audience: Junior to senior government officials engaged in setting policy for the financial sector, particularly the staff of central banks, financial regulators, and any other agencies involved in micro- or macroprudential oversight.
Qualifications and prerequisites
- Expected qualifications:
- An advanced degree in economics or finance, or equivalent work experience.
- A basic understanding of econometrics and the ability to interpret econometric results.
- Working knowledge of Excel.
- Recommended prior completion:
- Financial Market Analysis (FMAx) course (online).
- Financial Sector Surveillance (FSS) course (online).
- Rationale for recommendations: Understanding and assessing financial sector risks is important to the design of mitigating policies.
Course description
- Overview:
- Begins with an overview of financial risks and how they are transmitted within and between the financial system and the real sector.
- Examines the design and impact of financial sector policies to mitigate assessed vulnerabilities.
- Policy focus:
- Rationale for micro-prudential and macroprudential policies.
- Interactions between macroeconomic and macro-prudential policies.
- Emphasis on preventive strategies.
- Discussion of policies to deal with financial distress situations and contingency planning.
- Pedagogy:
- Combination of lectures, case studies, and hands-on workshops.
- Participants discuss and experiment with various policies to gauge intended and unintended outcomes.
- Note on scope:
- Participants primarily interested in risk assessment are referred to the Financial Sector Surveillance course, where risk assessment is the focus.
Course objectives
Upon completion of this 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.