Part 2
The Green Swan – Central Banking and Financial Stability in the Age of Climate Change
After completing this reading, you should be able to: Describe the concept of “green swan,” how it differs from “black swan,” and why climate change is considered a ”green swan” event. Explain why climate change is a threat to price…
Climate Change: Physical Risk and Equity
After completing this reading, you should be able to: From the perspective of physical risk, describe the channels through which climate change can affect financial stability. Explain how climate change and climate risk have affected equity prices and equity valuations….
Climate Change and Financial Risk
After completing this reading you should be able to: Discuss the history of climate change-related risks for the financial sector, including the Paris Agreement (2015), and distinguish the significance of Article 2.1 c as it pertains to the financial system….
Beyond LIBOR: a primer on the new benchmark rates
After completing this reading you should be able to: Describe the features comprising an ideal benchmark. Examine the issues that led to the replacement of LIBOR as the reference rate. Examine the risks inherent in basing risk-free rates (RFR’s) on…
Liquidity and Treasury Risk Measurement and Management
1. Liquidity Risk 2. Liquidity and Leverage 3. Early Warning Indicators 4. The Investment Function in Financial Services Management 5. Liquidity and Reserves Management: Strategies and Policies 6. Intraday Liquidity Risk Management 7. Monitoring Liquidity 8. The Failure Mechanics of Dealer Banks 9. Liquidity Stress Testing 10. Liquidity Risk Reporting…
Stress-Testing
After completing this reading, you should be able to: Describe the rationale for the use of stress testing as a risk management tool. Identify key aspects of stress testing governance, including choice of scenarios, regulatory specifications, model building, stress-testing coverage,…
Factors
After completing this reading, you should be able to: Describe the process of value investing and explain the reasons why a value premium may exist. Explain how different macroeconomic risk factors, including economic growth, inflation, and volatility affect risk premiums…
FinTech and Market Structure in Financial Services: Market Developments and Potential Financial Stability Implications
After completing this reading, you should be able to: Differentiate between potential changes to market structure and financial stability risks as a result of financial innovation through traditional providers, BigTech, Fintech providers, and third-party tech servicers. Discuss the technological developments…
Big Data: New Tricks for Econometrics
After completing this reading, you should be able to: Discuss the issues unique to big datasets. Describe and assess various tools and techniques used to manipulate and analyze big data. Examine areas for collaboration between econometrics and machine learning. Issues…
The Impact of Blockchain Technology on Finance: A Catalyst for Change
After completing this reading, you should be able to: Describe challenges faced by the blockchain technology in gaining widespread adoption in economic applications. Explain and assess questions to consider before implementing a blockchain solution to an economic activity. Explain the…
