Course Description
This comprehensive 10-day course provides central bank professionals with a solid foundation in monetary and financial statistics. Participants will learn essential concepts, methodologies, and practical skills for compiling, analyzing, and interpreting monetary and financial data. The course covers key topics such as financial instruments, sectoral balance sheets, and analytical frameworks used in central banking.
Learning Objectives
- Understand the conceptual framework and principles of monetary and financial statistics
- Master techniques for compiling and analyzing sectoral balance sheets
- Develop skills in interpreting monetary aggregates and credit measures
- Learn to apply statistical methods for policy analysis and decision-making
- Gain proficiency in using international standards and best practices in data compilation
Course Modules
Day 1: Introduction to Monetary and Financial Statistics
- Overview of central bank functions and monetary policy
- Importance of monetary and financial statistics
- Key concepts and definitions
- International statistical standards and frameworks
Day 2: Financial Instruments and Sectors
- Classification of financial instruments
- Institutional sector delineation
- Residency principle
- Financial intermediation and financial markets
Day 3: Central Bank Balance Sheet and Monetary Base
- Structure of the central bank balance sheet
- Components of the monetary base
- Reserve requirements and monetary operations
- Analytical presentation of central bank accounts
Day 4: Other Depository Corporations
- Balance sheet structure of commercial banks
- Other deposit-taking institutions
- Consolidation techniques
- Depository Corporations Survey
Day 5: Monetary Aggregates and Credit Measures
- Defining and measuring money supply
- Broad and narrow monetary aggregates
- Credit to various sectors of the economy
- Monetary survey and its analytical uses
Day 6: Other Financial Corporations
- Insurance companies and pension funds
- Investment funds and other financial intermediaries
- Financial auxiliaries
- Compiling the Other Financial Corporations Survey
Day 7: Flow of Funds and Financial Accounts
- Principles of flow of funds statistics
- From-whom-to-whom matrices
- Integration with national accounts
- Analyzing intersectoral financial flows
Day 8: Balance Sheet Approach and Financial Stability
- Balance sheet approach to financial vulnerability
- Sectoral interlinkages and risk assessment
- Financial soundness indicators
- Early warning systems for financial crises
Day 9: Data Quality and Dissemination
- Data quality assessment frameworks
- Revision policies and practices
- Statistical releases and publications
- International data reporting requirements
Day 10: Emerging Topics and Practical Applications
- Fintech and digital currencies in monetary statistics
- Climate finance and green financial instruments
- Big data and machine learning applications
- Case studies and country experiences
Practical Wins for Participants
- Ability to compile accurate and timely monetary and financial statistics
- Enhanced skills in data analysis for monetary policy formulation
- Improved capacity to assess financial stability risks
- Proficiency in producing high-quality statistical reports and presentations
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
