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 micro-prudential and macroprudential policies.