Macroprudential Policy Implementation


TARGET GROUP | Mid-level to senior officials from central banks, regulatory agencies and ministries of finance or economics who are involved in macroprudential policy and financial stability.


DESCRIPTION | The objective of this one-week course is to present and discuss the implementation of macroprudential policy tools, focusing on the experience of the countries in Central, Eastern and South-Eastern Europe.

Following a general introduction of the economic and institutional background of macroprudential policy, the course will first discuss the monitoring and assessment framework needed for macroprudential decision-making, including for cyclical systemic risk, real estate related risks and structural systemic risk. This will be followed by sessions looking at the concrete implementation of key capital-based measures, such as the Countercyclical Capital Buffer, Systemic Risk Buffer or systemically important institution buffers, and the most common borrower-based measures, such as Loan-to-Value Ratio (LTV) or Debt-Service-to-Income (DSTI) Ratio caps. The discussion of the tools will focus on implementation issues and international best practice in the design and calibration of macroprudential measures. The course will also explore the links and interaction between macroprudential policy, microprudential supervision and monetary policy.

Workshop sessions to explore the selection and implementation of macroprudential policy instruments and hands-on introductions to the analytical frameworks used by the macroprudential policy functions of the ECB and NBS will be an important part of the course. In addition, the course offers opportunities to learn from the macroprudential experience of peers in the JVI region.

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Course Details

Start: 20240603Jun 03
End: 20240607Jun 07

Language: English

Sponsoring Organization: JVI/NBS/ECB

Admin Arrangements

Application Deadline: March 21, 2024

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