Central bank and government agency economists and regulators with macroeconomic and supervisory responsibilities.
Participants are expected to have an advanced degree in economics or equivalent experience.
The course is conducted in English with simultaneous interpretation into Arabic.
This course, presented by IMF-CEF and the IMF’s Institute for Capacity Development (ICD) staff, starts with a motivation of the need for macro-prudential policies, and defines their objectives and instruments. After a brief review of macro-financial linkages in theory and some country experiences, the course focuses on the two main dimensions of macroprudential policies: time dimension (pro-cyclicality of financial systems); and cross section dimension (systemic risk). Two workshops offer hands-on exercises on measures of systemic risk using the network approach and Co-VaR. The course concludes with a discussion of issues related to the architecture of macroprudential policies (the roles of central banks and regulatory agencies, rules-versus-discretion, and others).
About Center for Economics and Finance
The mission of the IMF-Middle East We_They is to strengthen the economic management in Arab League Member Countries by delivering an integrated curriculum of training courses and seminars that address the key skill sets needed to support this goal. In particular, the training aims to improve the ability of officials of these countries to analyze economic conditions, diagnose problems, and design and implement appropriate policies.See all Center for Economics and Finance courses