## Canceled: FX Intervention Rules A Risk-Based Framework

## Source details

**Canonical URL:** [Canceled: FX Intervention Rules A Risk-Based Framework](https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/firarbfst24-12)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/st/2024/firarbfst24-12/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/st/2024/firarbfst24-12/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/st/2024/firarbfst24-12/bundle-manifest.json)

## Bibliographic details
- Session: ST 24.12
- Location: Singapore, Singapore
- Dates: April 15-19, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English

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### Status and Logistics
- Status: 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 and qualifications
- Target Audience:
  - Mid-level to senior central bank officials interested in market operations and monetary policy strategy.
- Qualifications:
  - Participants with experience in bank central bank operations, financial markets, and basic knowledge of quantitative methods.

### Course description and theoretical basis
- Focus:
  - How to estimate and implement foreign exchange intervention rules based on a risk approach.
- Applicable settings:
  - 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 arrangement.
- Coverage:
  - The theoretical background for risk-based FX interventions.
  - The econometric theory of risk estimation.
  - A complete application on a country case.
- Reference:
  - The theory of risk-based FX interventions is explained in the IMF Working Paper No. 21/32 (Lafarguette and Veyrune 2021).

### Course objectives
- Upon completion participants should be able to:
  - Implement an FX risk model that can be used for conducting FX market monitoring and inform policymakers decisions.
  - Implement an FX risk model for intervening on the FX markets via a risk-optimal approach.
  - Implement an FX risk model for benchmarking past FX interventions (even discretionary-based).

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Financial Development and Financial Inclusion (FDFI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/fdfiat26-24)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/firarbfst24-12_