In order to support capacity in central banking segment, we base our learning program on operations and activities of central banks and take into consideration the possible links across other involved institutions. Thus, apart from central banks, we commonly target institutions such as ministries of finance and their treasuries, financial supervisory authorities, ministries of economy, and other. Involving these, we facilitate cross-institutional knowledge exchange and provide a platform to foster their coordination. Such learning initiatives form a more comprehensive approach and represent a strong point of our learning program.

A good example of how policies are interlacing and how coordination among various institutions should be considered, is our workshop on Policy Coordination for Financial Stability, which will take place on April 13-15, 2016. Maintaining financial stability is high on the agenda of central banks, while it is not necessarily entirely in their hands. In the region, they usually regulate and supervise the banking sector, while other financial sectors are tackled by financial supervisory authorities. Similarly, economic policies taken by the central bank and ministry of finance should be well coordinated. In order for financial stability to be established, there is a great need of coordinated actions.

During the workshop, representatives of those institutions will be closely looking into set of micro- and macro-prudential, fiscal, and monetary policies and their effects and through their joint practical work on an interactive case study throughout the course, they shall try to come to a coordinated solution to tackle financial stability. The case study, as a core to the workshop, strengthens participants’ understanding of a need for a complete approach to financial stability.