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Home > Banking > International Affairs
Central Banking Seminar: 2004 Program
June 3, 2004 Provisional Program
October 20-29, 2004

I. INTRODUCTION

  • Welcome and Seminar Overview

II. MACROECONOMIC ENVIRONMENT

  • Outlook for the World Economy
  • U.S. Economic Outlook: Panel
  • Europe: Economic Outlook and Issues
  • Japan: Economic Outlook and Issues
  • Transition and Emerging Economies: Outlook and Issues

III. MONETARY POLICY AND CURRENCY MARKETS

  • Central Bank Independence, Monetary Policy, and Accountability
  • Federal Reserve System
  • Development of U.S. Central Banking Policy and Doctrines
  • Making Monetary Policy: The FOMC
  • U.S. Open Market Operations and Financial Markets
  • Communication and Transparency of Monetary Policy
  • Foreign Exchange Markets
  • Role of Exchange Rates in Global Adjustment

IV. FINANCIAL STRUCTURE

  • Global Financial System
  • Key Issues in the U.S. Financial System
  • U.S. Securities Markets and the Yield Curve
  • U.S. Equity Markets

V. OVERSIGHT OF THE FINANCIAL STRUCTURE

  • Introduction to U.S. Financial Supervision and Regulatory System
  • Bank Supervision
  • BIS Capital Adequacy Framework
  • Practical Challenges in Strengthening Bank Supervision
  • Role of the Rating Agencies

VI. PAYMENT SYSTEMS

  • The Federal Reserve in the Payments System: Challenges and Direction
  • The Payment Systems Infrastructure
  • Fedwire: Wholesale Product

VII. FINANCIAL MARKET VOLATILITY AND RISK MANAGEMENT

  • A Roadmap for Risk Management
  • Risk Management and Derivative Instruments
  • Managing Risk in the Central Bank
VIII. EMERGING MARKETS
Review of economic and financial challenges in the major regions of the developing world. Comparative perspective on key issues in economic and financial development. Conditions for attracting capital in a competitive market environment. Outlooks for fixed-income and equity market performance and flows.
  • Financial Flows between Emerging Markets and the Developed Economies Investors’ Perspective on Fixed Income Assets
  • Regional Reviews:
    Panel:
    • Emerging Europe
    • Latin America
    • Asia
    Panel:
    • Africa
    • Subcontinent and Middle East

IX. SELECTED POLICY CHALLENGES

  • The Auditors’ Auditor
  • Governance in the Central Bank
  • Finance for Growth
  • Microfinance: Lessons from the Field
  • Managing Technology in a Changing Environment
  • Breaking the Crisis Cycle
  • The Role of Policy Rules in Monetary Frameworks: Discussion Groups

X. CONCLUSION

  • Participants’ Forum on Discussion Topics
  • Open Forum: Participants’ Feedback