SESRIC organised an on-site training on “System of Predicting Financial Crisis based on Macroeconomic Indicators” in the case of the Kyrgyz Republic in collaboration with the Istanbul School of Central Banking (IMB) of Central Bank of Republic of Turkey (CBRT). The 3-week on-site training was supervised by Dr. Pınar Özlü, Head of Research and Monetary Policy Department of CBRT on 01-18 November 2016 with the attendance of an expert from the Economic Modelling Division of Economic Research Department at the Central Bank of Kyrgyz Republic (CBKR).
The on-site training was a blend of empirical studies and methods of applied in the CBRT and the expert from CBKR worked in close relation with competent experts of CBRT from the relevant department on a daily basis. At the end of the programme, the participants gained knowledge to demonstrate understanding of key considerations and challenges in predicting financial crisis based on macroeconomic indicators where applicable to monetary policy of CBKR and was able to find out valuable recommendations for the methodology of modelling transmission mechanism in Kyrgyz Republic.
For other activities of the OIC Capacity Building Programme for Central Banks (OIC CB-CaB), please visit: http://www.oicvet.org/cbp-centralbanks.php