Central Banks, Monetary Policy and Financial Stability

KEY INFORMATION

  • Course Code: AFB110
  • Duration: 1 week
  • Fee: £2725

COURSE OUTLINE

Central Banks in the World Today

  • The basics: how central banks originated and their role today
  • Stability: the primary objective of all central banks
  • Meeting the challenge: creating a successful central bank
  • Fitting everything together: central banks and fiscal policy

The Structure of Central Banks

  • The structure of the Federal Reserve System
  • Assessing the Federal Reserve System’s structure
  • The European Central Bank

The Central Bank Balance Sheet and the Money Supply Process

  • The central bank’s balance sheet
  • Changing the size and composition of the balance sheet
  • The deposit expansion multiplier
  • The monetary base and the money supply

Monetary Policy: Stabilising the Domestic Economy

  • The Federal Reserve’s conventional policy toolbox
  • Operational policy at the European Central Bank
  • Linking tools to objectives: making choices
  • A guide to central bank interest rates: the Taylor rule
  • Unconventional policy tools

Exchange-Rate Policy and the Central Bank

  • Linking exchange-rate policy with domestic monetary policy
  • Mechanics of exchange- rate management
  • The costs, benefits, and risks of fixed exchange rates
  • Fixed exchange-rate regimes

Target audience

  • Central bank staff
  • Those who wish to survey what central banks do and how they do it.
  • Those who wish to understand the role and objectives of central banks.
  • Those who wish to be equipped with the knowledge that will be required to cope with the inevitable changes that will occur in central bank structure.

Learning outcomes

Upon completion of this money and banking course, you will be able to understand:

  • Functions and objectives of central banks.
  • Features of an effective central bank.
  • Fiscal challenges for central banks.
  • The structure of the Federal Reserve System.
  • The effectiveness of the Federal Reserve System.
  • The structure of the Eurosystem.
  • The euro-area crisis and the European Central Bank (ECB).
  • The central bank’s balance sheet.
  • Changing the size and mix of the balance sheet.
  • The deposit expansion multiplier.
  • The monetary base and the money supply.
  • Federal Reserve and ECB conventional policy tools.
  • Simple guides for policy setting.
  • Unconventional policy tools.
  • Links between exchange rates and monetary policy.
  • The mechanics of exchange-rate management.
  • Costs, benefits, and risks of fixed exchange rates.
  • Fixed exchange-rate regimes.

WHAT IS INCLUDED:

  • 30 hours of classroom-based training
  • Apple iPad
Program taught in:
  • English (US)

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Last updated September 10, 2019
This course is Campus based
Start Date
Dec 2, 2019
Feb 24, 2020
Duration
1 week
Full-time
Price
2,725 GBP
Deadline
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Dec 2, 2019
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Dec 6, 2019
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Dec 2, 2019

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Dec 6, 2019

Feb 24, 2020

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Feb 28, 2020

June 29, 2020

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July 3, 2020

Oct 26, 2020

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Oct 30, 2020