Thematic Area
Monetary and External Sector Policies
This curriculum shares concepts, tools, models, and good practices underlying monetary, exchange rate, and capital-account policies to promote macroeconomic and financial stability.
Explore Illustrative Learning Paths
ABOUT
These courses explore the evolving landscape of monetary and exchange rate policies, including their operational and implementation aspects. Learners gain a comprehensive understanding of managing macroeconomic volatility, the use of (semi)-structured models for monetary policy analysis, and forecasting. They also acquire specialized skills in monetary policy implementation and central bank operations. Hands-on workshops and case studies ensure that participants can apply these skills effectively in real-world scenarios, enhancing their ability to conduct policy analysis; develop robust monetary, exchange rate, and capital flow management strategies; and design effective central bank operational frameworks tailored to their specific economic contexts.
TARGET AUDIENCE
Officials in central banks, ministries of finance, and other government institutions seeking to enhance their expertise in monetary policy, exchange rate and capital flow management, or the operational aspects of central banking.
ILLUSTRAIVE LEARNING PATH
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Foundational Knowledge in Monetary, Exchange Rate, and Capital Flows Objective: Focus on the core areas of monetary policy, exchange rate management, and capital flow dynamics. |
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Advanced Tools in Monetary Policy Analysis and Forecasting Objective: Use analytical tools to conduct monetary policy analysis and forecasting. |
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Specialized Techniques and Tools for Implementing Monetary Policy Objective: Gain specialized knowledge on central bank operations, including foreign exchange interventions, liquidity forecasting, risk management, emergency lending, and relevant legal frameworks.
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