Tools for Central Banking Implementation: Liquidity Forecasting and FX Intervention

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Training program offered by the IMF titled "Tools for Central Banking Implementation: Liquidity Forecasting and FX Intervention".
Session No.: ST 24.24.
Location: Singapore, Singapore.
Date: November 11-15, 2024 (1 week).
Delivery Method: In-person Training.
Primary Language: English.
Status: Deadline passed.

Target Audience:
- Mid-level to senior central bank officials interested in market operations, monetary policy strategy, and/or conducting stress tests on central bank's balance sheet.
Qualifications:
- Participants with experience in bank central bank operations, financial markets, and basic knowledge of quantitative methods.

FX Intervention Tool
- Theoretical background for risk-based FX interventions.
- The econometric theory of risk estimation.
- Application on a country case.
Liquidity Forecasting Tool
- Institutional framework for liquidity forecasting.
- Statistical basics for forecasting.
- Forecast the autonomous factors (currency in circulation, net foreign assets, state account balance) and total liquidity using a comprehensive, cutting-edge statistical framework.
- Application on a case.
Central Bank Balance Sheet Stress Testing
- General framework for modeling central bank's balance sheet and how to tailor it to a specific country.
- Forecasting central bank's balance sheet and profit & loss.
- Stress testing central bank's equity and evaluating solutions to enhance financial soundness of central bank's balance sheet (e.g., recapitalization).
- Satellite models for forecasting key balance sheet items.

Implement an FX risk model that can be used for:
- Conducting FX market monitoring and inform policymakers decisions.
- Intervening on the FX markets via a risk-optimal approach.
Implement a liquidity forecasting framework that can be used for:
- Forecasting autonomous factors and total liquidity.
- Forecasting demand for reserve.
- Calibrating operations.
Analyze central bank's balance sheet, including forecasting profit & loss and conducting stress tests to evaluate equity and financial soundness.