Virtual : Monetary Policy Implementation - Foreign Exchange Operations
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- Virtual : Monetary Policy Implementation - Foreign Exchange Operations
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Bibliographic details
- Session: SA 23.05V
- Location: New Delhi, India
- Dates: January 10-12, 2023 (1 week)
- Delivery method: Virtual Training
- Primary language: English
- Status: Deadline passed
Training Program
- Session No.: SA 23.05 V
- Delivery Method: Virtual Training
- Location: New Delhi, India
- Date: January 10-12, 2023 (1 week)
- Primary Language: English
- Deadline: Deadline passed
Target Audience
- Central bank officials from CDOT and SARTTAC member countries.
- Selected central banks from the APD region by invitation.
Qualifications
- Participants are expected to be involved in monetary and FX policy/or monetary and FX operations.
- Participants are expected to work in either a monetary and FX policy, and/or a monetary and FX operations departments.
- No other pre-requisites are imposed.
Course Description
- Continuation of the joint SARTTAC-CDOT course on monetary policy implementation. Earlier segments included:
- i) interest rate corridor (August 2021);
- ii) central bank daily liquidity management (October 2021);
- iii) collateral framework for central bank liquidity-providing operations (January 2022);
- iv) Emergency Liquidity Assistance/Lender of last resort (April 2022);
- v) Reserve Requirements (July 2022); and
- vi) Reference Exchange Rate (October 2022).
- Course format: virtual.
- Focus: principles and country experiences about Foreign Exchange (FX) Operations.
- Observations presented:
- Central banks use Foreign Exchange Operations for different objectives depending to their main goals.
- Some central banks use rule-based and some discretionary FX operations.
- Transparency of FX operations differs by country.
- Structure:
- Day 1: Asad Qureshi will present a general guidance on Foreign Exchange Operations.
- Days 2 and 3: invited central banks will present a case study to share their experiences and challenges.
- Ample room for Q&A.
Course Objectives
- Improve understanding of Foreign Exchange Operations.
- Exchange of experiences with central banks from the region.
References