{
  "title": "Tools for Central Banking Implementation: Liquidity Forecasting and FX Intervention",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/cbst24-24",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/cbst24-24",
  "overlayPath": "/en/capacity-development/training/icdtc/schedule/st/2024/cbst24-24/index.md",
  "summary": "Back to top Qualifications Participants with experience in bank central bank operations, financial markets, and basic knowledge of quantitative methods.",
  "publishDate": "2025-09-22",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Training program offered by the IMF titled \"Tools for Central Banking Implementation: Liquidity Forecasting and FX Intervention\".\n- Session No.: ST 24.24.\n- Location: Singapore, Singapore.\n- Date: November 11-15, 2024 (1 week).\n- Delivery Method: In-person Training.\n- Primary Language: English.\n- Status: Deadline passed."
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - 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.\n- Qualifications:\n  - Participants with experience in bank central bank operations, financial markets, and basic knowledge of quantitative methods."
    },
    {
      "heading": "Course components and topics",
      "content": "- FX Intervention Tool\n  - Theoretical background for risk-based FX interventions.\n  - The econometric theory of risk estimation.\n  - Application on a country case.\n- Liquidity Forecasting Tool\n  - Institutional framework for liquidity forecasting.\n  - Statistical basics for forecasting.\n  - Forecast the autonomous factors (currency in circulation, net foreign assets, state account balance) and total liquidity using a comprehensive, cutting-edge statistical framework.\n  - Application on a case.\n- Central Bank Balance Sheet Stress Testing\n  - General framework for modeling central bank's balance sheet and how to tailor it to a specific country.\n  - Forecasting central bank's balance sheet and profit & loss.\n  - Stress testing central bank's equity and evaluating solutions to enhance financial soundness of central bank's balance sheet (e.g., recapitalization).\n  - Satellite models for forecasting key balance sheet items."
    },
    {
      "heading": "Course objectives and intended capabilities",
      "content": "- Implement an FX risk model that can be used for:\n  - Conducting FX market monitoring and inform policymakers decisions.\n  - Intervening on the FX markets via a risk-optimal approach.\n- Implement a liquidity forecasting framework that can be used for:\n  - Forecasting autonomous factors and total liquidity.\n  - Forecasting demand for reserve.\n  - Calibrating operations.\n- Analyze central bank's balance sheet, including forecasting profit & loss and conducting stress tests to evaluate equity and financial soundness."
    }
  ],
  "bullets": [
    "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:",
    "Qualifications:",
    "FX Intervention Tool",
    "Liquidity Forecasting Tool",
    "Central Bank Balance Sheet Stress Testing",
    "Implement an FX risk model that can be used for:",
    "Implement a liquidity forecasting framework that can be used for:",
    "Analyze central bank's balance sheet, including forecasting profit & loss and conducting stress tests to evaluate equity and financial soundness."
  ],
  "alternates": {
    "markdown": "/en/capacity-development/training/icdtc/schedule/st/2024/cbst24-24/index.md",
    "json": "/en/capacity-development/training/icdtc/schedule/st/2024/cbst24-24/index.json",
    "bundleManifest": "/en/capacity-development/training/icdtc/schedule/st/2024/cbst24-24/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-29T20:37:09.806Z"
}