The global financial crisis served as a reminder of the importance of having a good appreciation and understanding of how financial markets work. The aim of this seminar is to equip participants to think more deeply about the structure of financial markets. It provides some background theory, reviews the structure of several specific markets and discusses the overall risk and recent reforms to strengthen resilience and effectiveness of the financial system. It will also look at financial market development in terms of exchange rate, equity and fixed-income markets.
At the end of the course, participants will be able to (1) better understand international financial markets and how they work; (2) estimate and interpret yield curves and movements thereof; (3) assess the extent of global and regional financial integration; (4) evaluate the potential benefits of doing market intelligence in their home economy; and (5) better understand dynamics in asset markets and their implications for monetary and financial stability.
This seminar is aimed at central bankers and regulators who wish to increase their understanding of the fundamental working and characteristics of financial instruments in capital markets, money markets and derivatives markets.
• Building and interpreting yield curves for monetary policy
• Gathering and interpreting market intelligence
• Expectations and asset prices
• Global and regional financial market integration
• Role of financial benchmarks and the transition away from LIBOR
• Role of financial innovation, FinTech and financial inclusion
• Financial market development
• Modelling and forecasting conditional volatility in financial markets