Descriptions
The high degree of openness and increased integration of most SEACEN economies have compl icated central banks’ tasks in macroeconomic and monetary pol icy management, especial ly in handl ing external shocks. The great financial crisis and its aftermath is one such episode where even fundamental ly strong economies can be affected by contagion effects. This course wi l l address issues of current concern, including the management of global capital flows; exchange rate measurement and assessment; macroeconomic interconnectedness; measures/indicators of external financial transactions and holdings of foreign assets and l iabi l ities, such as the balance of payments and the international investment position; the measurement of competitiveness; and, external debt sustainabi l ity analysis.
Target Participants: Middle-level officers/technical staff of central banks with at least two years of experience in balance of payments analysis and survei l lance, exchange rate pol icy, macroeconomic and monetary pol icy analysis, and survei l lance.
