Macrofinancial Stability in Central, Eastern and Southeastern Europe


TARGET GROUP | Junior to mid-level managers as well as senior economists and financial stability experts working at central banks and ministries of finance or economy in the area of economic and/or financial analysis and research. Participants should have an advanced degree in economics or finance and hands-on experience with macrofinancial stability assessments.


DESCRIPTION | This course lasts one and a half weeks and focuses on macrofinancial stability issues in the CESEE region. It is designed to provide participants with a better understanding of macrofinancial linkages, to teach how to assess risks to macrofinancial stability under current circumstances, and to get an overview of the stabilizing role of different adjustment policies.


The course program consists of lectures and workshops covering among others recent macrofinancial developments in the region, tools for macrofinancial risk assessment, the role of different policies (fiscal, monetary, macroprudential and microprudential) in promoting macrofinancial stability, and lessons learned from past adjustment programs in Europe.


Another important part of the course is group work, which is organized as a roleplay simulating the negotiation of a macrofinancial adjustment program. Participants slip into the role of country officials and representatives of international authorities and develop an adjustment program for selected countries in the region that are hypothetically exposed to macrofinancial stress.


In past course deliveries, participants praised the course for its practical relevance to their jobs, its broad coverage of macrofinancial interlinkages and policy areas, its balance of technical details and policy experience sharing as well as its interactive delivery through group debates and workshops.


Click to show the program of the previous edition of the course.

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Course Details

Start: 20240415Apr 15
End: 20240424Apr 24

Language: English

Sponsoring Organization: OeNB/JVI/NBS

Admin Arrangements

Application Deadline: January 31, 2024

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