International Central Banking Online Courses - Second half

Centre for International Central Bank Dialogue

International Central Banking Online Courses (01.07.2021 – 31.12.2021)

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International Central Banking Courses 2021 Page 2

Online courses (01.07.2021 – 31.12.2021)

Area Title Start End Application period

Page

Cash management and

payment systems

Cash management – strategy, branch

operations and combating counterfeit

money

12.07.2021 15.07.2021 25.06.2021 4

Banking supervision Introduction to the Basel III framework 30.08.2021 03.09.2021 13.08.2021 5

Good governance Money museum 07.09.2021 09.09.2021 20.08.2021 7

Cash management and

payment systems

Current challenges for

cash management

21.09.2021 23.09.2021 03.09.2021 8

Monetary policy Current issues in monetary policy

implementation: Greening the

financial system

22.09.2021 24.09.2021 03.09.2021 9

Monetary policy Developing financial markets 28.09.2021 30.09.2021 10.09.2021 10

Banking supervision Regulation and supervision of

non-financial risks

04.10.2021 08.10.2021 17.09.2021 11

Good governance Operational risk management,

continuity management and

crisis management

04.10.2021 08.10.2021 17.09.2021 12

Statistics Elementary seasonal adjustment of

economic data with JDemetra+

25.10.2021 29.10.2021 08.10.2021 13

Banking supervision Sustainable and green finance 01.11.2021 05.11.2021 15.10.2021 14

Good governance Central bank governance 01.11.2021 05.11.2021 15.10.2021 16

Cash management and

payment systems

Combating money laundering 08.11.2021 12.11.2021 22.10.2021 17

Cash management and

payment systems

Introduction to cash management -

selected topics for experts

09.11.2021 11.11.2021 22.10.2021 18

Monetary policy Analytical tools for monetary policy 16.11.2021 18.11.2021 29.10.2021 19

Cash management and

payment systems

Introduction to cash management -

branch operations

16.11.2021 17.11.2021 29.10.2021 20

Good governance Controlling at central banks 22.11.2021 26.11.2021 05.11.2021 21

https://www.bundesbank.de/en/bundesbank/international-central-bank-dialogue/online-courses

https://www.bundesbank.de/content/852550




























Online courses (01.07.2021 – 31.12.2021)

Area Title Start End Application period

Page

Financial and monetary

system

Fintech and its impact

on central banking

29.11.2021 03.12.2021 12.11.2021 22

Statistics Advanced topics

in seasonal adjustment

13.12.2021 17.12.2021 26.11.2021 24

https://www.bundesbank.de/en/bundesbank/international-central-bank-dialogue/online-courses






Cash management – strategy, branch operations and combating counterfeit money

📆 12.07.2021 – 15.07.2021

🕘 11:00 – 14:30 Frankfurt time

💻 Online course

Application deadline 🖱 25 June 2021

Objective Participants will learn about modern central

bank cash management methods. The entire

scope of tasks of a modern central bank in the

field of cash management will be presented and

discussed – from an international perspective to

a closer look at how the Bundesbank fulfils its

tasks. Participants will be expected to take an

active part in discussions and to exchange their

opinions and views during the course.

Contents • Strategy and core tasks for cash management

• The role of the Bundesbank in the cash cycle

• Issuance policy for banknotes and coins

• Automation of cash processing

• New cash centre approach

• Cash recycling outside the Bundesbank

• The tasks of the NAC in combating

counterfeit money

Target group The course is designed for mid-level and senior

employees involved in issuing and processing

banknotes and coins or in dealing with counter-

feit money, as well as for younger executives/

managers heading groups, sections or divisions

in the cash department. Participants should

have a sound background in cash management.

Technical requirements Computer with microphone, camera, speakers

or headphones; an up-to-date internet browser.


https://www.bundesbank.de/en/bundesbank/international-central-bank-dialogue/international-central-banking-courses-/application-procedure/registration-form/course-registration-723558


Introduction to the Basel III framework

📆 30.08.2021 – 03.09.2021


💻 Online course

Application deadline 🖱 13 August 2021

Objective Basel III is a comprehensive set of reform meas-

ures developed by the Basel Committee on

Banking Supervision to strengthen regulation

and supervision of the banking sector. Finalised

in December 2017, the full Basel III package ad-

dresses the lessons learnt from the financial cri-

sis. Specifically, Basel III focuses on strengthen-

ing the qualitative and quantitative standards

within the regulatory capital framework, intro-

duces a global liquidity framework, deploys

measures to reduce cyclicality, introduces a lev-

erage ratio and provides a basic approach to

regulating systemically important banks. It also

introduces an aggregate output floor, which

compares the risk-weighted assets calculated

under the standardised approaches with the re-

sults from internal models.

The course aims to provide an overview of the

Basel framework and Basel III reforms. The Basel

framework is also a major component of the

regulatory harmonisation process within the

European Union and it was transposed via the

Capital Requirements Directive IV package

andimplemented in 2014. A revised package

adopted in 2019 mainly includes the elements

of the Basel III reform. This course will therefore

also impart comprehensive expert knowledge

on major issues relating to the implementation

of the Basel III framework in the EU and Germany.

The course will focus particularly on background

knowledge, but it will also reflect on practice,

wherever possible.

Contents • Overview of the institutional set-up of

banking supervision in Germany and Europe

• General overview of the Basel framework,

the motivation behind the revisions and

the finalisation of Basel III

• Capital – quality, quantity and transparency

• Capital conservation buffer, countercyclical

capital buffer, systemically important banks,

systemic risk buffer

• Leverage ratio

• Liquidity – quantitative standards,

monitoring tools, management principles

• Pillar 1 requirements – credit risk,

operational risk, market risk

• Pillar 2: introduction to the supervisory review

and evaluation process (SREP)

• ICAAP and ILAAP – German and European

implementation

• Regulatory disclosure requirements and

market discipline (Pillar 3)

• Internal governance aspects

• Current regulatory developments



Target Group Technical requirements This course is aimed at bank inspectors and em- Computer with microphone, camera, speakers

ployees working in the banking supervision unit or headphones; an up-to-date internet browser.

of their central bank or supervisory authority. A

basic knowledge of the new regulations under

Basel II and III is essential for productive partici-

pation. Participants should also be familiar with

the supervisory policies and practices applied at

their institution and be prepared to actively con-

tribute to discussions.


Money museum

📆 07.09.2021 – 09.09.2021


💻 Online expert panel

Application deadline 🖱 20 August 2021

Objective Every country has its own unique monetary his-

tory, which central banks’ money museums and

exhibitions reflect in different ways.

Alongside numismatic pieces, central banks are

increasingly displaying information on the finan-

cial sector and monetary policy, using their exhi-

bitions and money museums to explain their ac-

tivities and tasks to the general public.

One challenge they face is to portray complex

monetary policy topics in an accessible way us-

ing exhibits and installations, which need to be

informative whilst also presenting the subject

matter appropriately.

This process is supported by accompanying edu-

cational museum events and lectures, particu-

larly for educational establishments.

This expert panel offers a platform for compar-

ing the various forms of presentation and ap-

proaches, placing a special focus on intercultural

aspects.

Contents • Ideas, concepts and their implementation in

central bank museums and exhibitions

• Visualisation of economic and

monetary terms

• Intercultural differences in the perception of

economic processes and their impact on

museum and exhibition concepts and

implementation

Target group Experts from central bank museums.





Current challenges for cash management

📆 21.09.2021 – 23.09.2021



Application deadline 🖱 03 September 2021

Objective The purpose of this panel is to discuss the cur-

rent challenges facing cash management and to

highlight recent occurrences, e.g. changes in

the cash cycle and the involvement of the cen-

tral bank, digitalisation and IT solutions, serial

number reading and big data, the automation

of cash processing and modern processes in

cash handling.

The expert panel will serve as a platform for

central bankers in cash management with a

view to exchanging experiences and opinions.

Contents • Determining the future role of the central

bank in a changing cash cycle

• How to combat counterfeit money –

current challenges

• Finding the right level of automation and

digitalisation in cash management

Target group The expert panel is targeted at mid and senior-

level experts and managers with extensive work

experience in cash management. Participants

will be expected to contribute actively to the

panel and in group work focusing on specific

topics that provide useful insights and ideas for

the other participants of the expert panel.





Current issues in monetary policy implementation: Greening the financial system

📆 22.09.2021 – 24.09.2021




Objective Developments in the financial system, regulatory

changes, refinements in broader monetary poli-

cy frameworks or other major events such as

the recession caused by COVID-19 all create

new issues and challenges and a need for mon-

etary policy implementation to adjust. Given the

effects of climate change on countries and soci-

eties worldwide, a new topic has recently been

added to the agenda. Against this background,

the Eurosystem is discussing how – within its

mandate – monetary policy can support green

finance and contribute to environmentally-

friendly developments in the financial system.

The expert panel serves as a platform to provide

insights into this debate. It aims to bring together

central bank experts to exchange views and

share ideas on possible operational measures

that are currently under discussion.

Contents • Design of monetary policy instruments

• Collateral management: Adapting to a

changing environment

• Financial market developments and

market analysis

• Management of monetary policy portfolios

Target group The expert panel is targeted at mid-level and

senior-level central bankers who are directly

involved in and have multiple years (min. 5) of

experience working in monetary policy imple-

mentation. Candidates should have extensive

knowledge and a sound understanding of mon-

etary policy implementation and operational

frameworks and should be familiar with the

debate on green finance. Participants will be

expected to contribute actively to the panel by

presenting the work/viewpoint of their central

bank on this topic.





Developing financial markets

📆 28.09.2021 – 30.09.2021




Objective The aim of this online seminar is to help central

bank colleagues identify and discuss measures

to strengthen the national financial market. We

begin with the difficult situation in Germany af-

ter the Second World War as a starting point

and shed light on various initiatives to build and

expand the German financial market.

The financial market in Germany is, amongst

other things, one of the most highly developed

worldwide. A multi-faceted and highly liquid fi-

nancial market has been forged in the country

thanks to the combined efforts of multiple play-

ers. The Deutsche Bundesbank has played a key

role in establishing and promoting this develop-

ment. Together with the Ministry of Finance,

the market supervisory authority and other mar-

ket participants, it supported the emergence of

a national bond market, which was a decisive

factor in the development of other financial

market segments and the macroeconomic suc-

cess of Germany.

This course focuses on key issues of building a

monetary and bond market based on a national

currency. Topics include the general framework

for the bond market (e.g. issuing calendars,

auction processes, settlement procedures). The

course also provides participants with a plat-

form to reflect upon and discuss similarities with

their own countries. The seminar will be held as

a mix of lectures, case study exercises, group

discussions and participant presentations.

The online course will provide an overview of the

various aspects that have played a key role in the

development of the German financial market.

Contents • Historical and current developments to

strengthen the financial market

(e.g. standardisation of bonds, central

committee for capital markets, temporary

capital market restrictions)

• Legal framework of the bond market

• Market surveillance and market restrictions

• Development and application of financial

support measures

Target group The course is aimed at mid-level central bankers

who are active in the area of financial market

development and who would like to gain an

overview and a deeper understanding of strate-

gic and operational approaches to developing

financial markets. Applicants should have at

least two years of practical experience in the

field of financial market development and a

sound grasp of the key concepts and knowl-

edge of the fundamentals of financial market

structures and operations. Participants are ex-

pected to make an active contribution to the

course and to share their knowledge and expe-

riences with their peers.





Regulation and supervision of non-financial risks

📆 04.10.2021 – 08.10.2021


💻 Online course


Objective While financial risks such as credit risk and mar-

ket risk have dominated supervisory attention

for decades, the regulation and supervision of

non-financial risks in banks began drawing

more attention in the past few years. From the

implementation of operational risk in the Basel

II framework in 2004 to more recent initiatives

such as environmental, social and governance

risks (ESG risks), the regulatory landscape is

starting to shift towards risks that warrant

stronger management rather than hard capital

requirements.

This course aims to inform about regulatory

standards for non-financial risks and the treat-

ment of these risks in banks. The presenters will

include both practitioners as well as rule-makers

to give participants a holistic view of the con-

cept of non-financial risks.

Participants should be prepared to discuss initia-

tives in their countries and also be able to shed

light on non-financial risks that are uncommon

in the eurozone.

Contents • Overview of non-financial risks

• Operational risk, conduct risk and

compliance risk

• Reputational risk

• Information and communication technology

(ICT) risk

• Outsourcing risk

• Business continuity management

• Environmental, social and governance (ESG)

risks

• The three lines of defence concept

• Business and strategic risk

• Pillar II requirements for non-financial risks

in the ICAAP

Target group The course is aimed at experts from central

banks and supervisory authorities involved in

the implementation of Basel III and the supervi-

sion of non-financial risks, both from an on-site

and off-site perspective. Participants should be

familiar with the supervision policies and prac-

tices of their financial system and be prepared

to actively contribute to the discussions.





Operational risk management, continuity management and crisis management

📆 04.10.2021 – 08.10.2021




Objective Operational risk management (ORM), business

continuity planning (BCP) and crisis manage-

ment (CM) are crucial elements of good govern-

ance at a central bank. During the expert panel,

the Bundesbank’s framework and its methodol-

ogy for ORM, BCP and CM will be presented

and discussed. The panel will also serve as a

platform for exchanging experiences and shar-

ing information within and across these disci-

plines.

Contents • Operational risk management at the

Deutsche Bundesbank

• Approach to business continuity planning for

core business areas of the Bundesbank

• Concept of crisis management

• IT service continuity management

• Operational risk management T2/T2S

Target group Managers and experts in ORM, BCP and CM.

Participants will be expected to make an active

contribution to the discussions, drawing on

their own experiences.





Elementary seasonal adjustment of economic data with JDemetra+

📆 25.10.2021 – 29.10.2021


💻 Online course

Application deadline 🖱 08 October 2021

Objective The course is designed to enable all participants

to understand the basic principles of the X-11

filter-based approach to the seasonal adjust-

ment of monthly and quarterly time series, to

work with the JDemetra+ seasonal adjustment

software package, and to interpret the results in

economic terms.

Contents Focusing on the X-11 seasonal adjustment

approach, the course primarily covers the

following topics:

• seasonality: definition, aim of seasonal

adjustment;

• JDemetra+: time series software for official

statistics, capabilities;

• data pre-treatment: modelling of outliers

and calendar effects, regARIMA models;

• X-11 approach: basic principles, automatic

routines, user customisation;

• quality control: graphical tools, seasonality

tests.

Target group The course is aimed at economists and statisti-

cians who are interested in seasonal adjustment

and, in particular, in the application of JDemet-

ra+. Prior knowledge and/or experience of time

series analysis in general and seasonal adjust-

ment in particular are welcome but are not a

prerequisite for participation.

Technical requirements Computer with microphone and JDemetra+ in-

stalled (https://github.com/jdemetra/jdemetra-

app/wiki/Quick-install-guide), camera, speakers



https://github.com/jdemetra/jdemetra-app/wiki/Quick-install-guide



Sustainable and green finance

📆 01.11.2021 – 05.11.2021




Objective The signing of the Paris Agreement on climate

change on 12 December 2015 marked a mile-

stone for the world and the global economy.

Achieving the goals of the Paris Agreement ne-

cessitates a transformation of the financial sys-

tem, its culture, and its incentives. In this con-

text, sustainability means making economic

prosperity long-lasting, socially inclusive and less

dependent on the exploitation of finite resourc-

es. Since the Paris Agreement, several initiatives

have been launched. The European Commission

appointed the High-Level Expert Group on Sus-

tainable Finance at the end of 2016. Further-

more, the Central Banks and Supervisors Net-

work for Greening the Financial System (NGFS)

began its activities in January 2018. The net-

work members agreed on a work programme

which includes sharing experience and identify-

ing best practices on the supervisory and mac-

rofinancial dimensions of climate-related and

environmental risks as well as on options to

scale up green financing. The growth in the

NGSF’s membership in 2018-19 underlines the

importance of this topic. The network’s first

comprehensive report, entitled “A call for ac-

tion”, proposes first recommendations aimed at

facilitating the role of the financial sector in

achieving the objectives of the 2015 Paris

Agreement. The latest publication from the BIS,

titled “The green swan”, discusses the role of

central banks in green and sustainable finance

on more than 100 pages.

March 2018 saw the European Commission un-

veil its strategy for a financial system that sup-

ports the EU’s climate and sustainable develop-

ment agenda. In April 2019, the European

Parliament endorsed legislation including the

regulation on disclosures relating to sustainable

investments and sustainability risks. In addition,

conditions and a framework for a unified classi-

fication system (‘taxonomy’) regarding sustaina-

ble economic activities were adopted by the Eu-

ropean Parliament. Given recent developments,

this expert panel aims to provide an overview of

current regulatory activities in the field of sus-

tainable finance. It will discuss the possible ef-

fects of these developments on the financial

system as well as the challenges and opportuni-

ties they present. Moreover, the panel will offer

a platform to discuss what role supervisory au-

thorities and central banks should take or – in

other words – “How green do supervision and

regulation need to be?”

Contents • Overview of current regulatory developments

and initiatives

• Discussion of the effects on financial systems:

challenges and future potential

• Discussion of the role of supervisory authori-

ties and central banks

• Market perspective: green and sustainable

bond issuance and market standards



Target group The course is aimed at experts in banking super-

vision, financial stability or monetary policy.

They should have a thorough understanding of

interdependencies within financial systems,

knowledge of banking supervision and regula-

tion or monetary policy frameworks. They

should also have a grasp of current regulatory

developments with respect to sustainable and

green finance worldwide.




Central bank governance

📆 01.11.2021 – 05.11.2021


(01.11.2021 – 04.11.2021)


(05.11.2021)



Objective The integrity and credibility of public institutions

have recently become increasingly important is-

sues. Central banks, in particular, are frequently

in the public eye on account of their independ-

ence. This course is therefore designed to pro-

vide an insight into the Bundesbank’s tools and

rules for good governance.

Contents • Basics of corporate governance

• Board-related rules, anti-fraud measures,

staff behaviour, prevention of corruption

• Code of conduct

• Operational risk management at the

Deutsche Bundesbank

• Strategic planning at the Bundesbank

Target group The course is aimed at central bank staff mem-

bers who are involved in interdisciplinary tasks

and the preparation of strategic decisions.





Combating money laundering

📆 08.11.2021 – 12.11.2021


💻 Online course


Objective Combating money laundering is an area which

has steadily gained in importance in recent

years. Participants will acquire a greater insight

into the problems associated with money laun-

dering and the obligations deriving from statu-

tory regulations.

Contents • International regulations and the legal

framework in Germany

• Combating the financing of terrorism

• Discussion of case studies highlighting

money laundering mechanisms

• Regulation and supervision in Germany

• AML measures at the Bundesbank

• Law enforcement and prosecution authori-

ties

• The role of the FIU

• Security measures of financial institutions

Target group The course is aimed at experts from central

banks and supervisory authorities involved in

AML. A good knowledge of the AML frame-

work is essential for taking an active part in the

discussions.





Introduction to cash management – selected topics for experts

📆 09.11.2021 – 11.11.2021


💻 Online course


Objective Participants will learn about the basics of cash

management and the tasks of a modern central

bank in that area. In lectures by the Senior Advi-

sor on cash management, you will gain a com-

prehensive picture of selected topics related to

this key task. Networking with fellow colleagues

from all over the world is also an important issue.

Contents • Strategic position of a modern central bank

in the cash cycle

• Determinations of a changing cash cycle

• How to set up a cash strategy?

• Clean note policy – reasons and challenges

• Cash recycling outside the central bank –

solution or threat?

• Digitalisation and cash - do they fit together?

• In case of emergency: operational risks

(e.g. pandemic)

• Business continuity of cash management in

an environment in which the use of cash is

declining

• Combat counterfeiting – new challenges

Target group The course is designed for young professionals

working in the cash department as economists

who are involved in analysing topics or for staff

members who are relatively new in the cash or

currency department of the central bank and

want to broaden their knowledge. Participants

should have some background experience in

cash management. They will be expected to

take part in discussions and to exchange their

opinions and views during the course.





Analytical tools for monetary policy

📆 16.11.2021 – 18.11.2021


💻 Online course


Objective Monetary policy decision-making calls for thor-

ough analysis of economic, monetary and finan-

cial developments. Central banks assess these

developments using a variety of analytical tools.

The outcome of their analysis provides key input

for well-informed monetary policy decisions,

which allow the central bank to fulfil its mone-

tary policy mandate.

This online course provides an overview of dif-

ferent analytical tools which Bundesbank staff

use in the context of the monetary policy deci-

sion-making process in the monetary union. The

focus of this course is on the analysis of mone-

tary and financial developments, which repre-

sents an important part of the analytical ap-

proach adopted by the Eurosystem under the

prevailing monetary policy strategy. Bundesbank

experts will present key aspects of their regular

analytical work illustrating specific analytical ap-

proaches in order to monitor and assess devel-

opments in the area of money and credit, in

capital markets, in exchange rates and price

competitiveness as well as in relation to the

monetary transmission process.

Contents • Monetary policy transmission and the effects

of financial shocks

• Analysis of financial accounts

• Capital markets analysis

• Exchange rates and price competitiveness

analysis

• Role of banks in monetary policy transmission

• Current research projects related to monetary

policy analysis

Target group Mid-level central bank officials working in the

area of monetary analysis and/or financial mar-

ket analysis. Potential candidates who wish to

apply for the course should have a sound un-

derstanding of macroeconomic theory and ba-

sic econometrics as well as experience in the

use of standard modelling techniques.

PLEASE NOTE: The course does not cover top-

ics related to broader macroeconomic analysis

and forecasting. Moreover, the course does not

provide an introduction to econometrics or

specific modelling techniques.





Introduction to cash management – branch operations

📆 16.11.2021 – 17.11.2021


💻 Online course


Objective Participants will learn about the basics of cash

management and the tasks of a modern central

bank in that area. In lectures by the senior advi-

sor on cash management, you will gain a com-

prehensive picture of the most important

branch-oriented topics. Networking with fellow

colleagues from all over the world is also an im-

portant issue.

Contents • The Deutsche Bundesbank and its tasks in

cash management

• Current services and processes with a view

to the future

• Issuance of banknotes and processing

• Common and national regulations concerning

coins

• New challenges in issuing and processing

coins

• IT solutions for cash management

• Use of CCTV

• Automatisation and modern cash centre

approaches

Target group The course is designed for young professionals

working in the cash department, especially in

the branch area, or for staff members who are

relatively new in the cash or currency depart-

ment of the central bank and want to broaden

their knowledge of cash-based operations. Par-

ticipants should have some background experi-

ence in cash management. They will be expect-

ed to take part in discussions and to exchange

their opinions and views during the course.





Controlling at central banks

📆 22.11.2021 – 26.11.2021


💻 Online course

Application deadline 🖱 05 November 2021

Objective The main goal of this course is to discuss ways

of developing a controlling function at a central

bank, starting with an overview of corporate

controlling. Participants will discuss the connec-

tion between strategic planning and budgeting.

Special attention will be paid to personnel con-

trolling and other important instruments.

Contents • Corporate controlling

• Strategic planning

• Cost accounting

• Budgeting

• Personnel controlling

Target group The course is designed for high-level employees

from non-EU countries who work in controlling

at their central bank. The nominated staff mem-

bers should be familiar with cost accounting

and budgeting. Participants will be expected to

make an active contribution to the discussions,

drawing on their own experiences.





Fintech and its impact on central banking

📆 29.11.2021 – 03.12.2021




Objective Providers of technology-enabled innovations

such as crowdfunding platforms and of new

digital technologies for the financial services in-

dustry – also called fintech – have experienced

significant growth in recent years. Amongst

other things, these innovations can potentially

spur efficiency improvements, given that they

reduce costs and facilitate competition, thereby

contributing positively to consumer welfare, in-

novation and economic development. Identify-

ing and mitigating potential risks to financial

stability and striking the right balance with the

potential benefits of digital finance are key chal-

lenges, including for central banks and regula-

tors.

This expert panel will therefore begin by pre-

senting an overview of the fields of application,

opportunities and risks of technology-enabled

financial innovations. It will provide a platform

to discuss possible risks to the financial system

and debate whether the existing regulatory re-

sponses are still effective or whether additional

ones are necessary (and if so, which ones). Sec-

ond, the expert panel will focus on the impact

on the traditional banking industry, as fintech

adds further pressure to banks’ already belea-

guered profitability. The expert panel will discuss

the experiences, challenges and evolution of

disintermediation and collaboration in the re-

cent past as well as the prospects for the future.

Moreover, the efforts by individual banking

groups to develop new technologies themselves

will be reflected upon and discussed. In addi-

tion, the expert panel will discuss digitalisation

in payments, i.e. new products, new players

and new challenges.

This expert panel is designed to provide central

bank employees with a forum to share their ex-

periences and knowledge. We will therefore ex-

pect participants to actively contribute to this

seminar. Participants may be requested to sub-

mit a paper or presentation.

Contents • Fields of application of technology-enabled

financial innovations

• Opportunities and risks of fintech-induced

disintermediation and collaboration

• Digital financial innovations and related

systemic risks

• Influence of digital financial innovations on

the traditional banking landscape

• Impact on financial and banking regulation

• Digitalisation in payments



Target group Central bank experts in the following areas: fi-

nancial stability, banking regulation, payment

systems. Participants should have a thorough

knowledge of the current international debate

on the impact of technological innovations and

fintech on the financial services industry.




Advanced topics in seasonal adjustment

📆 13.12.2021 – 17.12.2021


💻 Online course


Objective The course is designed to enable all participants

to tackle advanced topics that are beyond the

scope of the companion level I course “Elemen-

tary seasonal adjustment of economic data with

JDemetra+”. Working almost exclusively with

the seasonal adjustment software package

JDemetra+, the course seeks to encourage dis-

cussions and an exchange of experiences be-

tween the participants.

Contents • JDemetra+: overview of key capabilities,

additional tools, access via R

• Calendar variation: creation and customisa-

tion of user-defined regression variables

• Outliers: anomaly detection, seasonal breaks,

modelling in times of strong economic

changes

• Revision policies: overview of strategies,

controlled current adjustment

• Daily data: potential issues, overview of

modelling approaches, STL-based seasonal

adjustment

Target group The course is aimed at economists and statisti-

cians who are interested in studying advanced

topics in seasonal adjustment and in the effi-

cient application of JDemetra+. Prior knowledge

and/or experience of time series analysis in gen-

eral and seasonal adjustment in particular are

highly recommended.

Technical requirements Computer with microphone and JDemetra+ in-

stalled (https://github.com/jdemetra/jdemetra-

app/wiki/Quick-install-guide), camera, speakers

or headphones, an up-to-date internet browser.





Deutsche Bundesbank Centre for International Central Bank Dialogue

Wilhelm-Epstein-Strasse 14

60431 Frankfurt am Main, Germany

E-mail: [email protected]

www.bundesbank.de/cic

www.bundesbank.de/cic

mailto:[email protected]

Documents

International Central Banking Online Courses - Second half