VII Course on Financial Stability

This course is designed as an intensive immersion program for analysts and economists who have recently joined the financial stability units of CEMLA member institutions. Developed in collaboration with the Banco de España, it provides participants with a comprehensive foundation in addressing key challenges and methodologies in financial stability analysis.

The program focuses on five priority areas of action for financial stability units. These include understanding market failures relevant to financial stability, exploring the rationale and practical implementation of macroprudential policies, and developing robust methodologies for financial stability monitoring. Participants will also gain exposure to advanced tools, such as microeconometrics and network analysis, for handling Big Data in identifying financial stability risks. Additionally, the course emphasizes the design and execution of macroprudential stress tests, ensuring participants are equipped to analyze and respond to systemic risks effectively.

Incorporating the highest standards employed by leading central banks worldwide, the course features interactive sessions with invited academics and practitioners. To be held in person in Madrid, Spain, from October 20 to 24, 2025, the course offers an opportunity for central banks’ staff to deepen their expertise and engage with peers in a collaborative learning environment, strengthening the capabilities of financial stability units across the region. This course is aimed at staff members from central banks and supervisory authorities at all levels seeking to enhance their understanding of climate-related financial risks. This course is aimed at analysts and other junior staff at central banks and supervisory authorities seeking to enhance their understanding of financial stability analysis.