One of the main activities of The SEACEN Centre is capacity building, so understanding the effectiveness of our training courses is of vital importance. We want to know what works and what does not and how we can improve our training material and teaching modalities to best serve the needs of our member central banks. […]
Author Archives: Ozer Karagedikli
25
Mar
Mar
Capital flows and their volatility present challenges for economic policy makers. They can exacerbate economic cycles. Their outflows can lead to costly “sudden stops”. One particular form of capital flows, namely foreign direct investment (FDI) has been regarded differently compared to other forms of capital flows like debt and portfolio flows. First, unlike foreign portfolio […]
Macroeconomics and Monetary Policy
Job-to-job transitions: A different lens for understanding wage dynamics
16
Mar
Mar
Since the global financial crisis, a number of central banks have been undershooting their inflation targets. Over this period labour markets have tightened steadily in many countries with unemployment rates reaching record lows. At the same time, wage growth has remained weak by historical standards. Some researchers argued that the Phillips curve, the main paradigm […]
02
Mar
Mar
In the wake of the Great Financial Crisis, the Basel Committee on Banking Supervision (BCBS) argued for counter-cyclical capital buffers and published operational guidelines (BCBS 2010) for regulators. The cornerstone of the BCBS proposal was the use of cyclical movements in the credit-to-GDP ratio gap to trigger increases in the capital required to be held […]