The Asia-Pacific region contains some of world’s most dynamic economies. Economies around the globe rely on credible monetary policy implemented by central banking institutions. Monetary policy governs the liquidity available to the payment systems that underlie trade and finance. Smooth adjustment of liquidity can minimize instability in money and foreign exchange markets and keep inflation and growth on a secure footing. The industrial giants of China, Japan, and Korea; the Southeast Asian emerging markets of Indonesia, Malaysia, Philippines, and Thailand; and the international entrepots at Hong Kong and Singapore each face unique challenges in implementing liquidity policy. This advanced course will build a foundation for understanding liquidity policy implementation in the Asia-Pacific using standard economic models. The course will discuss the effects of high level discussion of a key element of national level public policy, monetary policy. Modern monetary policy connects macroeconomic conditions and key financial market indicators. It will also analyze the way that central bank goals for macroeconomic stability will determine outcomes in interest rates and exchange rates. The rigorous theoretical foundation should also build analytical skills that might be applied to policy and market analysis in a broad range of economies and even in the Asia-Pacific region as policy-making evolves in the future.
At the close of this program, delegates would have expanded their knowledge in the areas of: - Describing the monetary policy instruments central banks use - The ability to interpret on-going actions of central banks - Ability to apply graphical analysis and calculate basic economic measures used as tools by central banks or analysts - Ability to analyze the way that central bank goals for macroeconomic stability will determine outcomes in interest rates and exchange rates
| Venues | Dublin | London | Dubai | Edmonton (CAN) | Lagos/Abuja |
|---|---|---|---|---|---|
| Dates | TBD | TBD | TBD | TBD | TBD |
| Cost | $3,900 per participant (USD) | (=N=) |
Focus on the microeconomics of monetary policy implementation. Study how the central bank balances supply against demand in liquidity markets to target the key interest rate on interbank lending and influence money markets.
Focus on the macroeconomics of monetary policy strategy. Study how the central bank sets monetary policy in response to business cycle conditions to achieve a smooth and predictable inflation target.
Focus on the interactions between monetary policy and exchange rates. Study how monetary policy affects the balance of supply and demand in foreign exchange markets and policies required to stabilize the relative value of domestic currency.
Discusses regional approaches to exchange rate stabilization in Singapore and China. Helps participants tie together the application of concepts from previous Modules.