Virtual : Monetary Policy Implementation - Reserve Requirements
Source details
- Canonical URL
- Virtual : Monetary Policy Implementation - Reserve Requirements
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Bibliographic details
- Session: SA 22.32V
- Location: New Delhi, India
- Dates: July 11-14, 2022 (1 week)
- Delivery method: Virtual Training
- Primary language: English
- Status: Deadline passed
Target audience and qualifications
- 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 policy design/or monetary operations/or compliance of reserve requirements.
- Participants are expected to work in either a monetary policy, a monetary operations and/or supervision departments.
- No other pre-requisites are imposed.
Course description and content outline
- Purpose:
- Continuation of the joint SARTTAC-CDOT course on monetary policy implementation.
- Previous segments included:
- interest rate corridor (August 2021);
- central bank daily liquidity management (October 2021);
- collateral framework for central bank liquidity-providing operations (January 2022);
- Emergency Liquidity Assistance/Lender of last resort (April 2022).
- Focus:
- Most central banks oblige depository institutions (commercial banks) to hold minimum reserves against their liabilities, predominantly in the form of balances at the central bank.
- The role of these reserve requirements has evolved significantly over time.
- The overlay of changing purposes and practices has the result that it is not always fully clear what the current purpose of reserve requirements is, and this necessarily complicates thinking about how a reserve regime should be structured.
- Course structure:
- Day 1 and 2:
- Presentations providing guidance on conceptual and operational considerations on the use and design of the reserve requirements in a given monetary policy regime.
- Day 3 and 4:
- Invited central banks present a case study to share their experience and challenges faced in the design and implementation of reserve requirements.
- Interactive elements:
- There will be ample room for Q&A.
Course objectives and expected outcomes
- Upon completion of this course, participants should be able to:
- Improve understanding of the use and the objective of reserve requirements in the respective monetary policy regimes.
- Exchange of experiences with central banks from the region.
References