Monetary policy instruments and crisis management

Professional coordinators:

Márton Varga, Head of Department
Dániel Felcser, Head of Department

Date:

25-28 November 2024

Length:

4 days

Language:

English

Number of participants:

20-25 pax

Application deadline:

2 October 2024

Registration

Purpose of the seminar

The course provides an overview on various crises management practices covering a wide range of central bank functions and responsibilities. The participants have the chance to gain insight into the role and functioning of monetary policy instruments through firsthand experiences and learn the macro- and micro-prudential perspectives of managing liquidity crises in the banking sector. To prepare for one of the greatest challenges ahead, the course concludes with a selection of climate related policies. Participants are encouraged to share their monetary policy experiences and challenges during the 4-day course.

Contents/ Main topics to be discussed

Structural concepts of the monetary policy framework and transmission mechanism
Role of monetary policy toolkit in implementation and main instruments
Early warning indicators and chart set
Strategy and communication in crises times
Collateral management and eligible collaterals
Policy responses to access-to-finance problems in the real economy
Case studies covering recent crises times in different markets
The use of international network of central banks and supranational institutions
Risk characteristics of bank balance sheets, possible measures to deal with liquidity and solvency risks
Overview on bank resolutions
Climate risks and possible strategies for central bank intervention and green monetary policy strategy

Target group

Experts and senior experts in monetary policy field