Foundations of Central Bank Law (FCBLx)
Deadline passed
Session No.: OL 19.18
Location: Course conducted online
Date: September 4, 2019 - October 16, 2019 (6 weeks)
Primary Language: English
Target Audience
Legal advisors of central banks and ministries of finance.
Qualifications
Participants are expected to have a law degree and work on legal issues pertaining to central banks, either within a central bank or within a ministry of finance.
Course Description
This online course, presented by the IMF Institute for Capacity Development and the IMF Legal Department, introduces participants to the foundations of central bank law. The course covers the legal issues that are necessary to support sound and effective central banks. It addresses the nature and ownership of central banks, the legal underpinnings of their mandates, decision-making structures, autonomy, accountability, transparency, and the legal aspects of their key functions. This interactive course combines theoretical discussions and examples of best practices, with practical exercises and polling questions on how to analyze and design central bank legal frameworks.
Course Objectives
Upon completion of this course, participants should be able to:
- Identify the key legal issues that generally need to be covered in central bank legislation, and how international good practices address those issues.
- Interpret and advise on the application of key legal issues and international good practices in domestic legislation.
- Analyze and assess domestic central bank legislation against international good practices.
- Develop and formulate recommendations on how to modify central bank legislation through law reform to align it to international good practices.
- Explain to stakeholders proposed amendments to central bank legislation and defend those proposals in discussions and consultation procedures with stakeholders.
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