The aim of this workshop is to allow those responsible for the design and implementation of such policies to deepen their theoretical understanding of monetary operations and to compare and contrast experiences with their peers. The following topics will be covered: - current state of monetary...

The event is expected to cover a wide range of topics including: - extreme value theory; - linear and non-linear correlation; - value at risk; - network analysis and agent-based models; - principles of derivatives pricing with applications to interest rate and credit derivative swaps; and -...

This event will analyse developing approaches to business model analysis for financial supervision, giving an opportunity to share ideas and expertise. The following key topics are likely to be covered: - approaches to business model analysis for banks, insurers and significant investment...

Central banks rely increasingly on the empirical analysis of financial markets and the information contained therein to analyse the state of the economy and the impact of policy actions. This one-week event will provide a rigorous overview of the foundations of empirical finance and an...

The topics covered in the event will fit within the following broad themes: - the appropriate objectives for macroprudential policy and the various challenges to operationalise it; - a review of the various macroprudential instruments to manage network and procyclicality risks, and...

This one-week seminar will introduce central bankers to economic modelling techniques for monetary policy purposes by reviewing various modelling approaches: theoretical models of the dynamic stochastic general equilibrium (DSGE) type and estimated time-series models, including (semi) structural...

This event will analyse the stricter definition of eligible capital and capital buffers as indicated in Basel III and the use of the leverage ratio as a backstop to additional capital requirements. Specific topics will include the following: - determination of firm capital requirements; -...

The event will combine lectures on introductory econometric theory with a heavy focus on practical exercises on each topic. Classical and Bayesian methods will be used where appropriate. The following topics are likely to be covered: - time-series econometrics: unit roots and cointegration; - an...

This three-day seminar introduces participants to some of the key related concepts and shows how they can be studied in a dynamic stochastic general equilibrium setup. To build an understanding of the implications of financial frictions for business cycle fluctuations and monetary policy,...

Topics: - lessons and challenges for monetary policy; - how did inflation targeting and other frameworks perform in the crisis? - unconventional monetary policy; - modelling and forecasting in an era of crises; - combining monetary policy and financial stability objectives; and - communicating...