Connect with IMF Institute
Financial Sector Policies

Canceled: FX Intervention Rules A Risk-Based Framework

Cancelled

Session No.: ST 24.12

Location: Singapore, Singapore

Date: April 15-19, 2024 (1 week)

Delivery Method: In-person Training

Primary Language: English

    Target Audience

    Mid-level to senior central bank officials interested in market operations and monetary policy strategy.
    Back to top

    Qualifications

    Participants with experience in bank central bank operations, financial markets, and basic knowledge of quantitative methods.
    Back to top

    Course Description

    The course presents how to estimate and implement foreign exchange intervention rules based on a risk approach. The course covers techniques suitable for: Central banks operating a flexible exchange rate arrangement, intervening on the foreign exchange market with financial and price stability objectives Central banks transitioning from a fixed exchange rate arrangement to a floating exchange rate arrangementThe course covers the theoretical background for risk-based FX interventions, the econometric theory of risk estimation and will present a complete application on a country case. The theory of risk-based FX interventions is explained in the IMF Working Paper No. 21/32 (Lafarguette and Veyrune 2021)
    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to 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. Benchmarking past FX interventions (even discretionary-based).
    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.

    Macroeconometric Forecasting and Analysis (MFA)

    English | July 8-19, 2024 | In-person Training | Singapore, Singapore

    Apply online by April 23, 2024

    External Debt Statistics (EDSx)

    French | March 28, 2024 - May 9, 2024 | Online Training | Course conducted online

    Apply online by April 25, 2024

    External Debt Statistics (EDSx)

    Spanish | March 28, 2024 - May 9, 2024 | Online Training | Course conducted online

    Apply online by April 25, 2024

    Virtual: Building Institutions to Fight Corruption (BIFC)

    English (French, Portuguese) | June 3-7, 2024 | Virtual Training | Ebene, Mauritius

    Apply online by April 26, 2024

    Government Finance Statistics (GFS)

    English (French, Portuguese) | June 10-28, 2024 | Hybrid Training | Ebene, Mauritius

    Apply online by April 26, 2024