Financial stability policy of central banks (joint with the Joint Vienna Institute)

Apply

Dates: 17 - 21 May 2021

Apply before: 17 March 2021

Language: English

Location: Vienna

Contact: Hedi JEDDI, Adam GERSL

E-mail: stabfin@banque-france.fr

Content

The course will discuss systemic risk indicators, the role of macroprudential policy, the macroprudential framework in the EU, FX lending, macroprudential stress tests and how macroprudential policy and monetary policy interact. A part of the course will be devoted to the functioning and calibration of specific macroprudential tools such as the countercyclical capital buffer, limits on LTV ratios, or surcharges for systemically important banks. The lectures will be complemented by workshops in which participants will use EViews and Excel to analyse various macroprudential policy issues. Participants are expected to deliver short presentations and engage in group discussions on key financial stability issues in their countries.

This seminar will cover the following topics:

• Macroprudential policy and the role of central banks
• Systemic risk monitoring and assessment
• Macroprudential intervention instruments: functioning and calibrating
• Macroprudential stress tests
• Interactions between macroprudential, microprudential and monetary policies
• The EU institutional framework for financial stability

Participants

Mid to senior-level officials from central banks, ministries of finance and regulatory agencies in charge of financial stability or financial regulation and supervision.