NBP Technical Cooperation Catalogue 2016
Transcription
NBP Technical Cooperation Catalogue 2016
www.nbp.pl NBP Technical Cooperation Catalogue 2016 NBP Technical Cooperation Catalogue 2016 Narodowy Bank Polski International Department Warsaw 2016 2 Narodowy Bank Polski Foreword Marek Belka President Narodowy Bank Polski Ladies and Gentlemen, It is with great pleasure that I present you with another edition of the Technical Cooperation (TC) Catalogue of Narodowy Bank Polski. In recent years, technical cooperation has become an increasingly important dimension of relationships among central banks. It is a useful platform for exchanging professional experience, promoting best practices, sharing ideas and exploring new ways of working together. It is also an important instrument to build the capacity of central banks of developing and transition countries. Recognising this fact, Narodowy Bank Polski started providing technical cooperation to other central banks already in the late 1990s and intensified this activity following Poland’s accession to the European Union in 2004. Under the TC programme, NBP has already provided technical cooperation to 39 institutions from Africa, Asia, the Commonwealth of Independent States and South Eastern Europe, which have participated in various training schemes and expert cooperation, also in the form of twinning projects. Since 2005, roughly 2 765 delegates have taken part in 598 events. Based on our many years’ experience as a technical cooperation provider as well as feedback from TC partners, we decided to reshape our TC programme by offering closer cooperation to priority central banks which will be entitled to use a broadened and more intense form of bilateral cooperation with NBP in the form of comprehensive and long-term support in a specific area of central banking. The new Narodowy Bank Polski Technical Cooperation Programme 2016+, which has recently been adopted by the NBP Management Board, contains strategic objectives, as well as the forms and directions of our future activities in the area of technical cooperation. The most important parts of the document will be presented to your attention soon. The Technical Cooperation Catalogue for 2016 is shaped by the feedback we received from the participants who have attended our seminars and workshops in recent years. In order to take into account their needs, observations and suggestions, we decided to focus on issues relating to the key areas of the central bank’s activities, such as monetary policy, cash circulation, the payment system and financial risk management. At the same time, we decided to continue seminars and workshops on NBP’s international cooperation, human resources management and telecommunications security, since these TC activities have also met with great interest and very positive feedback from participants. Besides, we put much more emphasis on the practical rather than theoretical aspect of our activities. I hope our Technical Cooperation Catalogue will be of interest to you and your colleagues in the bank. I look forward to welcoming you to Warsaw. 3 4 Narodowy Bank Polski About Narodowy Bank Polski Technical Cooperation Programme About Narodowy Bank Polski Technical Cooperation Programme Narodowy Bank Polski Technical Cooperation Programme is addressed to officials representing central banks and institutions with competences similar to NBP tasks from developing and transition countries outside the European Union. The main goal of the programme is to exchange NBP’s knowledge, views and experience on various aspects of central banking with external partners and to support the development of institutional capacities of the cooperating institutions. Within the programme, we aim to stimulate open discussion and build long-term relationships among participants, thus contributing to establishing working relations within the central banking community. The Technical Cooperation programme is carried out by the NBP experts, all having handson experience on the relevant topics, in cooperation with partners from other domestic institutions such as the Polish Ministry of Finance, the Polish Financial Supervision Authority, the Polish Security Printing Works, the Mint of Poland, the Warsaw Stock Exchange, Bank Gospodarstwa Krajowego (Poland’s only state-owned bank), etc. The technical cooperation in the coming years will be conducted within the new Narodowy Bank Polski Technical Cooperation Programme 2016+, which has been recently adopted by the NBP Management Board. Our ambition is to make the whole programme as effective as possible through enabling its participants to address the real challenges they face to the best of our means and competence. After having updated our strategic objectives, we will focus on those priority central banks with which we would implement long-term cooperation projects. In accordance with this programme, our activities will be addressed mainly to central banks of the following groups and countries: ■■ ■■ ■■ members of the constituency in the IMF and the World Bank Group: Azerbaijan, Kazakhstan, the Kyrgyz Republic, Serbia, Tajikistan, Turkmenistan and Uzbekistan1, Eastern Partnership countries: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine, candidate countries for the EU accession: Albania, Bosnia and Herzegovina, Macedonia, Montenegro, Serbia and Turkey2. Within its Technical Cooperation Programme, NBP offers a whole range of activities. All partners may use the opportunity to participate in: ■■ seminars, ■■ workshops, ■■ telephone and e-mail consultations. The Catalogue presents the programme of seminars and workshops only. A special offer is addressed to priority beneficiaries mentioned above. They may benefit from: 1 2 ■■ study visits, ■■ internships, In the IMF only. As of 7 December 2015. NBP Technical Cooperation Catalogue 2016 5 6 Narodowy Bank Polski About Narodowy Bank Polski Technical Cooperation Programme ■■ ■■ ■■ ■■ experts visits – visits of NBP experts to other central banks, orizontal programmes – cooperation in several different fields, mainly in the h form of study visits and expert visits planned over several years and structured to complement and strengthen each other as well as to contribute, to the greatest extent possible, to an improvement in the functioning of the partner bank as a whole, t hematic packages – tailored-made offer of cooperation that takes the form of a variety of scheduled activities dedicated to one theme, twinning projects. To date NBP has organised various successful training schemes and a few twinning projects. From 2005 to the end of 2015, NBP organised altogether more than half a thousand projects within the programme, including 437 bilateral cooperation activities (e.g. study visits, internships and expert visits). A total of 2 765 participants representing 39 countries completed training at NBP in that period. Chart 1: Breakdown of NBP Technical Cooperation activities in 2015 Experts visits (30 activities) Study visits (20 activities) Seminars (5 activities) Workshops (7 activities) Internships (4 activities) 11% 8% 6% 45% 30% Measured as percentage of total number of events We are proud that a number of partners have decided to implement some of NBP’s practices (i.e. building a structural inflation forecasting model, operational risk management, economic educational projects). Every year Narodowy Bank Polski attempts to enhance the quality of its technical cooperation activities. That is why participants’ opinions and their feedback are crucial in this process. Should you have any questions about the NBP TC Programme or comments on this Catalogue, please do not hesitate to address them to tct@nbp.pl. Further information on Narodowy Bank Polski Technical Cooperation programme can be found on our website: www.tct.nbp.pl NBP Technical Cooperation Catalogue 2016 7 NBP Seminars and Workshops in 2016 Title 8 Date Form Enhancing FDI presentation 13–15 April 2016 workshop Introduction to DSGE modelling at central banks 18–22 April 2016 workshop Advanced econometrics: introduction to Bayesian econometrics 27–29 April 2016 workshop Advanced financial risk management methods 17–19 May 2016 workshop Macroprudential policy – goals, framework, analysis (in cooperation with the Swiss National Bank) May 2016 (TBC) seminar International cooperation at Narodowy Bank Polski 14–16 June 2016 seminar Seasonal adjustment of economic series with JDemetra+ 27–30 June 2016 workshop The procedure for awarding public contracts and the procedure for effecting purchases – NBP experience 28–30 June 2016 seminar Narodowy Bank Polski NBP Seminars and Workshops in 2016 Title Date Form Basic analysis of statistical time series 7–9 September 2016 workshop Management of telecommunications security and information protection 20–22 September 2016 seminar Human resources management – good practices 27–29 September 2016 seminar Payment systems and non-cash transactions 11–13 October 2016 seminar Cash circulation, production of banknotes and coins, money counterfeiting 25–27 October 2016 seminar 15–18 November 2016 workshop 5–8 December 2016 workshop Monetary policy operational framework development Modelling monetary transmission in less developed emerging markets NBP Technical Cooperation Catalogue 2016 9 10 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Enhancing FDI presentation Date 13–15 April 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Workshop Topics ■■ ■■ ■■ ■■ Uses of FDI statistics (historical perspective and new challenges) Data collection and compilation, including use of sources other than ITRS or surveys Standard presentation according to asset/liabilities and directional principles Supplemental data series (spotlight on ultimate investing country and round-tripping) ■■ Production of back-data according to revised standards ■■ Presentation of FDI data and communication challenges Language English with simultaneous translation into Russian Deadline for application 11 March 2016 Required preparation The workshop is intended for staff working with FDI statistics. Participants will be asked to prepare a short presentation of country experience in selected topics. Basic literature OECD Benchmark Definition of Foreign Direct Investments – 4th edition NBP Technical Cooperation Catalogue 2016 11 Participants’ opinions I will recommend this workshop to my colleagues because it helps to understand modelling and theoretical aspects of economy. Good balance between theory and practice. Professional lecturers and well-organized course. Excellent! I found the workshop very useful – especially detailed explanation of derivations of RBC model equations and some of NK models. I will recommend this workshop to my colleagues because it gives a unique opportunity to gain knowledge which is impossible to obtain in my home country. 12 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Introduction to DSGE modelling at central banks Date 18–22 April 2016 Place Narodowy Bank Polski Head Office (11/21 Świętokrzyska street, 00-919 Warsaw) Form Workshop Topics Lectures ■■ Extracting cyclical information; business cycle facts ■■ Basic RBC model ■■ Approximation methods: log-linearization ■■ Solving and simulating DSGE models ■■ DSGE models for monetary policy: the New Keynesian setup ■■ DSGE models: other selected topics ■■ Estimating DSGE models ■■ Forecasting with DSGE models Practical sessions ■■ Introduction to Dynare ■■ Simulating DSGE models in Dynare ■■ Estimating DSGE models in Dynare ■■ Forecasting with DSGE models in Dynare Language English Deadline for application 18 March 2016 Prerequisites The workshop is addressed to central bank economists responsible for macroeconomic modelling, preparation of forecasts and simulations. A working knowledge of calculus is assumed. A good command of English is required. Basic literature Gali, J. (2008): Monetary Policy, Inflation, and the Business Cycle. Princeton University Press NBP Technical Cooperation Catalogue 2016 13 Participant’s opinion The optimal combination of theoretical and practical aspects. 14 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Advanced econometrics: introduction to Bayesian econometrics Date 27–29 April 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Workshop Topics ■■ ■■ ■■ Bayes’ formula Elements of Bayesian inference: estimation, prediction and model comparison Pooling inferences from individual models (Bayesian Model Averaging) ■■ Linear regression model from Bayesian point of view ■■ Basic Markov Chain Monte Carlo (MCMC) methods ■■ Bayesian Vector AutoRegression (VAR) ■■ Bayesian Structural VAR ■■ Bayesian estimation of DSGE models Language English Deadline for application 25 March 2016 Prerequisites Although, in substance, the course is intended to be an introduction to Bayesian econometrics, it is not an introduction to mathematical methods. Hence, working knowledge of linear algebra, calculus and statistical multivariate analysis is assumed. Moreover at least a superficial acquaintance with books like G. Koop, Bayesian Econometrics, or T. Lancaster, An Introduction to Modern Bayesian Econometrics, would strengthen your learning from the course. A good command of English is required. Trainers: Mr Andrzej Kocięcki – Economic Adviser, Economic Institute, NBP Mr Mateusz Pipień – Head of Division, Financial Stability Department, NBP NBP Technical Cooperation Catalogue 2016 15 Participants’ opinions It is really useful for staff involved in FX reserve management: front office, risk management and internal audit. I will recommend this workshop to my colleagues because it raises very important questions and provides participants with a practical and theoretical knowledge. This workshop is very useful because it gives a good insight into different aspects of FX reserves management, covers recent development in global markets and gives an insight into other central banks’ reserve management attitudes. I have learnt a lot about the NBP reserve management strategy. The educational game was in my opinion also enjoyable and beneficial. 16 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Advanced financial risk management methods Date 17–19 May 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Workshop Topics ■■ Recent trends in global reserves management ■■ Foreign reserves management at NBP ■■ ■■ Optimization techniques supporting strategic asset allocation Performance attribution for actively managed fixed income portfolios ■■ Advanced methods of credit risk management ■■ Legal aspects of credit risk management ■■ Financial risk management in monetary policy operations ■■ Investment game Language English Deadline for application 15 April 2016 Prerequisites The workshop is addressed to experts responsible for financial risk management and strategic asset allocation. Interactive sessions aim at sharing experience among participants and discussing the recent challenges in reserves management. A good command of English is required. NBP Technical Cooperation Catalogue 2016 17 The NBP training centre in Starawieś 18 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Macroprudential policy – goals, framework, analysis Date May 2016 (TBC) Venue The NBP training centre in Starawieś (26 Węgrowska Street, 07-100 Starawieś, approx. 80 km east of Warsaw) Form Seminar in cooperation with the Swiss National Bank Topics ■■ ■■ Organizational framework of the macroprudential policy making Analytical frameworks for modelling real-financial sector interconnectedness ■■ Instruments of macroprudential policy ■■ Analysis of macroprudential policy effectiveness Language English with simultaneous translation into Russian Deadline for application 28 April 2016 NBP Technical Cooperation Catalogue 2016 19 Participants’ opinions I want to underline that this is one of the rare seminars designed especially for international relations experts from central banks and should be held regularly as a unique opportunity to share our knowledge. The discussed topics are one of the most important issues of my work. I was keen to get familiar with the methods and organization of work in NBP. The information I gained will be very useful in my further work. I really widened my horizon on procedures concerning technical cooperation. I would say that this seminar might help us to avoid some challenges in the future by applying the relevant experience of NBP. 20 Narodowy Bank Polski NBP Seminars and Workshops in 2016 International cooperation at Narodowy Bank Polski Date 14–16 June 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Topics Seminar ■■ ■■ ■■ ■■ ■■ ■■ Legal and organisational aspects of the NBP’s relations with external partners. Cooperation with the government institutions in the area of international relations EU-related activities of NBP: ––cooperation with the European Central Bank and other EU institutions ––participation in the process of the EU policy coordination in Poland NBP’s cooperation with international financial institutions: Bank for International Settlements, European Bank for Reconstruction and Development, World Bank Group, International Monetary Fund Technical cooperation in central banking: management of NBP’s technical cooperation with central banks and similar institutions of developing and transition countries from outside the European Union Co-ordination of translation services for internal purposes and for the European Central Bank Organization of international conferences at NBP: challenges and success stories Language English with simultaneous translation into Russian Deadline for application 13 May 2016 Prerequisites The seminar is addressed to experts dealing with international cooperation within their central banks (among others, participating in international meetings and formulating the bank’s position within international fora) NBP Technical Cooperation Catalogue 2016 21 Participants’ opinions I would recommend this workshop to my colleagues so that they can improve their seasonal adjustment knowledge background and share experience with other countries. Also I would like to remark the professional skills of the lecturer Ms Sylwia Grudkowska. It was very useful and was oriented to practitioners not theoreticians. I like that there wasn’t used too many formulas. I will recommend this workshop to my colleagues because it is useful to acquire valuable knowledge about seasonal adjustment. Especially, because lectures included practical examples. Using a lot of case studies helped me to understand the theory easily. 22 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Seasonal adjustment of economic series with JDemetra+ Date 27–30 June 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Workshop Form Topics Language Deadline for application Entry qualifications Required preparation Basic literature Introduction to the theory of seasonal adjustment – aims, basic concepts and definitions ■■ Decomposition of time series into components ■■ The concept of stationarity ■■ ARIMA model and Box-Jenkins procedure ■■ The role of pre-adjustment (calendar effects, outliers) ■■ Seasonal adjustment methods: X-12-ARIMA and TRAMO/SEATS – assumptions, underlying concepts, characteristics, diagnostics ■■ ESS Guidelines on Seasonal Adjustment ■■ Specification files and settings ■■ Interpretation and validation of the results ■■ Specific issues on seasonal adjustment (direct/indirect seasonal adjustment, short and long time series, problematic series, revisions) ■■ Case studies with JDemetra+ ■■ The strategies for seasonal adjustment in central institutions and statistical agencies English with simultaneous translation into Russian ■■ 27 May 2016 Sound command of English or Russian. Participants should be able to make short interventions and actively participate in discussions ■■ Sound knowledge of time series analysis would be an advantage ■■ Familiarity with the seasonal adjustment methods and software is not required Participants are requested to write a short summary of their activities in their organisation. They are requested to express the reasons and motivation for applying for this workshop and to describe the practices, problems and experiences they face relating to the topics of the course. European Commission, Eurostat, European Statistical System (ESS) guidelines on seasonal adjustment, 2015 Edition (http://ec.europa. eu/eurostat/documents/3859598/6830795/KS-GQ-15-001-EN-N.pdf/ d8f1e5f5-251b-4a69-93e3-079031b74bd3) JDemetra+ Quick Start, (2015) (http://www.cros-portal.eu/sites/ default/files//JDemetra%20Quick%20Start_0.pdf) ■■ NBP Technical Cooperation Catalogue 2016 23 Participants’ opinions I will recommend this seminar to my colleagues. Your bank has achieved a very good organization of work and effectiveness so I think it would be great to take some of your experiences. The people who make presentations are closely involved in the practical work in procurement and it makes presentations close to reality. So they share with us their practical knowledge which is very useful. A lot of interesting examples, cases and standards from the European practice. I think that many of them may be applied in our bank. 24 Narodowy Bank Polski NBP Seminars and Workshops in 2016 The procedure for awarding public contracts and the procedure for effecting purchases – NBP experience Date 28–30 June 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Seminar Topics ■■ ■■ ■■ ■■ Public procurement system in Poland – the implementation of EU Directives Internal regulations and procedures in NBP (e.g.: planning, centralization, purchases merger, structures) Organization of awarding contracts under public procurement procedure over and below European thresholds in NBP The range of the national law application of the public procurement resolution; exclusions Language English with simultaneous translation into Russian Deadline for application 27 May 2016 Prerequisites The seminar is addressed to staff dealing with awarding contracts under the public procurement procedure and the purchasing procedure. NBP Technical Cooperation Catalogue 2016 25 Participants’ opinions Participation in this workshop was very effective and useful with regard to my daily activities. Information on basic statistical time series was provided in a very comprehensible way. The lectures were clearly structured and understandable even for people with no or little experience in statistical time series. The topics discussed during this workshop were very useful for people working in the area of forecasting and analysing monetary statistics. Information was provided in a very comprehensible way, theoretical and practical aspects were presented simultaneously, which made understanding of the whole topic deeper. The workshop provided us with theoretical knowledge and practical cases how to use the statistical package. Everything was explained in a clear and comprehensible language. 26 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Basic analysis of statistical time series Date 7–9 September 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Workshop The workshop provides a theoretical basis for time series modelling. Participants will get a chance to acquire a knowledge of the concepts and tools used in time series analysis and forecasting. Topics discussed during the workshop will be illustrated with case studies based on statistical data analysed in Narodowy Bank Polski. Software will be made available to participants during sessions. Topics ■■ Identifying Patterns in Time Series Data ■■ Working with Time Series Data ■■ Univariate time series – modelling and forecasting ■■ Univariate (long-run) modelling Language Russian Deadline for application 12 August 2016 Prerequisites The workshop is addressed to central bankers who are new to econometric analysis, or have limited econometrics and economic modelling experience. Ideally, candidates should know the basics of linear algebra and simple calculus. NBP Technical Cooperation Catalogue 2016 27 Participants’ opinions Very beneficial exchange of views and experience in the field of security. Good organization. Presentations at a high level. Up-to-date topics. Practical approach. The most useful was phishing and pen testing as well as practical and real scenario problems. 28 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Management of telecommunications security and information protection Date 20–22 September 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Seminar Topics ■■ ■■ ■■ ■■ ■■ ■■ ■■ ■■ ■■ ■■ ■■ Organisational structure of Narodowy Bank Polski Security policy in Narodowy Bank Polski. Legal and organisational measures Phishing, a new threat in electronic banking Presentation of the SIEM (Security Information and Event Management) system Presentation of the most interesting events in NBP from SIEM Open Source Intelligence and Cyber Security – practical approach Hackers & Threats Advanced. New targeted attacks. Advanced Persistent Threat (APT) in the real world Sensitive application and information protection (Right Management System, Data Leakage Protection) Current trends in the area of security management. Challenges and threats for an organisation Technological solutions supporting IT security at NBP Business Continuity Management in Narodowy Bank Polski – a practical approach Language Polish with simultaneous translation into English and Russian Deadline for application 26 August 2016 Prerequisites The seminar is addressed to IT system functional inspectors and administrators in charge of ICT system security, IT systems supervisors and auditors. NBP Technical Cooperation Catalogue 2016 29 Participants’ opinions Many up-to-date questions were discussed, we could look into the same things from different points of views. It was very useful to learn about recruitment and performance appraisal. The seminar covered practical issues and I found it very useful because it helped me to improve my professional skills as a human resources manager. 30 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Human resources management – good practices Date 27–29 September 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Seminar Topics ■■ ■■ Legal basis of NBP activity and its organisational structure Organisational structure of the NBP Personnel Department, the functions and tasks of the individual divisions ■■ Employment structure ■■ Employee remuneration principles ■■ Recruitment process ■■ ■■ ■■ Introduction and acculturation of the new employees to the organisation Employee interim evaluation The usage of the interim evaluation results for planning development in selected groups of employees ■■ NBP training policy ■■ Social activity at NBP ■■ Visit to the NBP’s training centre Language English with simultaneous translation into Russian Deadline for application 2 September 2016 NBP Technical Cooperation Catalogue 2016 31 Participants’ opinions Participation in this seminar allowed me to learn about the payment system in Poland – its advantages, organization and development. It was interesting to see how problems are solved and goals achieved in order to make payment transactions optimally beneficial for banking card holders. Participation in this seminar means exchange of experience, gaining new information on payment systems and a possibility to use them in our further work. Not only payment systems’ regulations and practices were handled, but also everyday consumer practices, trading habits and changing consumer behaviour of Polish society were presented. 32 Narodowy Bank Polski NBP Seminars and Workshops in 2016 Payment systems and non-cash transactions Date 11–13 October 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Seminar Topics ■■ ■■ ■■ ■■ ■■ Legal framework of payment systems in Poland Large Value Payment Systems (SORBNET2 and TARGET2NBP) Retail payments via the clearing house, Elixir, EuroElixir and Express Elixir systems Payment cards market in Poland Single Euro Payment Area (SEPA) and overview of bank account numbering ■■ Payment system oversight ■■ Securities settlement systems oversight ■■ Innovations – new payment services and instruments Language English with simultaneous translation into Russian Deadline for application 16 September 2016 Prerequisites The seminar is addressed to central bank experts working in the area of payment systems, payment system oversight and non-cash payment instruments. NBP Technical Cooperation Catalogue 2016 33 Participants’ opinions A very informative and useful seminar because I could also get familiar with the process of banknote and coin production. I found the visits to the Mint of Poland and the Polish Security Printing Works very useful, because they improved my knowledge in this field. The seminar gives us a good overview of the whole process of cash production and circulation. 34 Narodowy Bank Polski Cash circulation, production of banknotes and coins, money counterfeiting Date 25–27 October 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Seminar in cooperation with the Polish Security Printing Works and the Mint of Poland Plc Topics ■■ Cash circulation management ■■ Current trends in the production of banknotes and coins ■■ Collector coins and banknotes – current information ■■ Security features of Polish banknotes – upgrade ■■ Final quality control of new banknotes ■■ Counteracting the counterfeiting of money ■■ Visit to the Polish Security Printing Works ■■ Visit to the Mint of Poland Plc Language English with simultaneous translation into Russian Deadline for application 23 September 2016 Prerequisites The seminar is addressed to the employees of the cash and treasury division who plan the issue of currency and cooperate with banknote and coin producers. NBP Technical Cooperation Catalogue 2016 35 Participants’ opinions I would recommend this workshop to my colleagues because it provides a significant insight into shaping monetary operational policy in emerging countries. Great possibility to gain international experience and practical information on the process of monetary policy implementation, which we are currently working on. The session about the challenges for the European Central Bank was very useful. It helped us to understand current situation in the European financial market. 36 Narodowy Bank Polski Monetary policy operational framework development Date 15–18 November 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Workshop Topics ■■ ■■ Monetary policy strategy and implementation Operational framework and monetary policy instruments of NBP ■■ Forecasting of banking sector liquidity ■■ Reserve requirement system ■■ NBP’s Securities Register ■■ Treasury securities auctions scheme ■■ Exchange rate development and FX interventions Language English with simultaneous translation into Russian Deadline for application 21 October 2016 Prerequisites The workshop is intended for staff members involved in monetary policy operations of their central bank: ■■ ■■ ■■ money market dealers and analysts, who are either involved in day-to-day monetary operations or undertake analyses of them central bankers who are directly responsible for the design and implementation of monetary policy operations within their respective central banks managers in charge of back-office operations (e.g. securities transactions) Practical experience, either in implementing or analysing monetary policy operations at their central bank or in decisionmaking processes triggering changes to the operational framework of monetary policy will be an advantage. Participants will be expected to contribute actively to discussion and working groups. It is expected that candidates will be drawn from a range of developed, emerging market and developing economies. NBP Technical Cooperation Catalogue 2016 37 38 Narodowy Bank Polski Modelling monetary transmission in less developed emerging markets Date 5–8 December 2016 Venue Narodowy Bank Polski Head Office (11/21 Świętokrzyska Street, 00-919 Warsaw) Form Workshop Topics This 3-day course aims to provide empirical skills in modelling monetary transmission in less developed emerging markets (LDEMs). This group has a range of features which undermine New-Keynesian (NK) and DSGE assumptions. These features are an underdeveloped and shallow financial market, uncompetitive labour market, informal economy, weak institutions, problematic central bank independence, state ownership and controls, and monetary policy targeting multiple variables. We propose a complex way of modelling monetary transmission in LDEMs: structural vector autoregression models (SVARs) and structural models, capturing such features as the immature financial market, exchange rate interventions, and price subsidies, estimated with both classical and Bayesian methods. Language English with simultaneous translation into Russian Deadline for application 4 November 2016 Prerequisites The course is designed for staff members already dealing with research and monetary transmission analysis, thus some knowledge about the main transmission channels is indispensable. Econometric skills: basic knowledge about SVARs, Vector Error Correction Models (VECMs), and Bayesian econometrics. Practical exercises are previewed. Trainers: Mr Andrzej Kocięcki – Economic Adviser, Economic Institute, NBP Mr Jan Przystupa – Economic Adviser, Economic Institute, NBP Ms Ewa Wróbel – Economic Expert, Economic Institute, NBP NBP Technical Cooperation Catalogue 2016 39 Administrative information Registration procedure for seminars and workshops An institution interested in enrolling a representative in any seminar or workshop should fill in the application form available at www.tct.nbp.pl. Please note that for every seminar or workshop application needs to be sent by a deadline stated both on the respective page of this Catalogue and on our website. Potential participants should note that registration is possible only after approval by their supervisor/authorized official. Registration procedure for bilateral cooperation (study visits and internships) Due to capacity constraints, these kinds of technical cooperation activities are addressed to priority beneficiaries only. If an institution is interested in being involved in any of bilateral cooperation activities, it should apply via our website www.tct.nbp.pl. Number of participants per activity In order to provide equal opportunities to all, we accept up to two candidates from one central bank/institution to participate in a seminar or workshop. Security Due to strict security regulations, participants will be required to carry a recognized identification document at all times when on the NBP premises. Please enter the type of identification document (e.g. passport) and its number in our registration form and bring it with you to the NBP premises. Seminar/Workshops Duration Seminars and workshops usually last 2 or 3 days. On the last day of the seminar/ workshop NBP arranges a sightseeing tour of the city of Warsaw for all the participants. Invitations Invitations for both seminars and workshops are sent to central banks 2 months in advance of the planned undertaking. A detailed workshop/seminar programme is attached to the invitation. Costs Attending the courses is free of charge. Narodowy Bank Polski provides participants with board as per programme (i.e. breakfasts, lunches and one dinner), accommodation and cultural programme. Please note that NBP will cover the costs of accommodation for the duration of the course as well as on the arrival and departure days. In case a participant would like to prolong his/ her stay, he/she will need to cover any expenses related to it. Please be advised that NBP does not cover travel costs to and from Warsaw. We regret that we are unable to provide accommodation for participants’ partners or other family relatives. 40 Narodowy Bank Polski Administrative information Travel and medical insurance NBP does not provide any insurance coverage for participants travelling to and from or staying in Poland. Therefore, participants are assumed to have insurance coverage, including medical treatment abroad, adequate to their needs. Any medical costs borne in Poland are to be paid by the delegating institution. Location and accommodation During a seminar/workshop Narodowy Bank Polski provides hotel accommodation near NBP’s Head Office. Participants of study visits and internships are accommodated at the NBP Guesthouse, which is situated at 5a Siedmiogrodzka Street in Warsaw. Visas Should a participant require a visa, he/she is strongly advised to contact the relevant Polish diplomatic representation as soon as he/she has been accepted for the event to ensure that the necessary formalities are completed in time. For further information please visit: http://www.msz.gov.pl/en/travel_to_poland/visa/visa Cancellation If an institution has to cancel its delegate’s participation in a seminar/workshop, please inform Narodowy Bank Polski as soon as possible, at least one week before the event. Late cancellation deprives other applicants of the opportunity to attend the seminar/workshop. Moreover, NBP is charged for no-show participants. Language skills The events are conducted: ■■ in English, with a simultaneous translation into Russian, or ■■ in English, or ■■ in Russian, or ■■ in Polish with simultaneous translation into English and/or Russian. To effectively benefit from Narodowy Bank Polski technical cooperation activities, participants should be fluent in the language relevant for this specific course, unless otherwise indicated in the Catalogue. Dress code Business formal attire is recommended for workshops/seminars and casual attire for some of the social events (e.g. dinner and/or sightseeing tour). NBP Technical Cooperation Catalogue 2016 41 Warsaw – Come by, stay for longer (prepared by the Social Communication Centre of the City of Warsaw) Warsaw has been the capital of Poland since 1596. Warsaw is constantly changing for the sake of its residents, but – above all – because of its residents. Since the explosion of social activity a quarter of a century ago – at the beginning of the democratic transformation – the creativity of the city’s residents has set an example for the rest of the country. Over 10,000 social organisations established by Warsaw’s residents seek on a daily basis to improve the quality of life in the capital. The city’s authorities embrace this potential by creating the conditions for unbridled creation, helping its residents to turn their ideas into reality. You can always sense the atmosphere of creative tension in the city. The city provides a wide range of top opportunities in Poland – whether professional, educational or cultural ones. Three million people live and work in Warsaw. The city attracts people who are young, dynamic and educated and yet ready to pursue further education. The capital welcomes those who value unlimited opportunities, a climate of openness and a cosmopolitan avant-garde. Warsaw is a leading academic centre with a highly-qualified team of scholars and teachers as well as 260,000 students, for whom an academic campus with state-of‑the-art laboratories is being developed along the Vistula River. The Vistula River has been brought closer to the city thanks to the new development projects along its banks – the Copernicus Science Centre and the Multimedia Fountain Park. Image courtesy by the City of Warsaw 42 Narodowy Bank Polski Warsaw – Come by, stay for longer A number of modern museums have been opened in Warsaw in recent years. Following the creation of the Warsaw Uprising Museum and the Chopin Museum, another new multimedia establishment – the Museum of the History of Polish Jews – was opened three years ago. The above are just a few examples of the numerous interesting sites to visit in Warsaw. To see them all, students, tourists and the residents of Warsaw are increasingly using the modern city bike rental system, which was introduced in 2012 and comprises over 3,000 bicycles. Cycle paths are also being extended to the embankment of the Vistula – a “wild” river in the middle of the city – which is being revamped. Among European business centres, Warsaw is the most frequently chosen as the new seat of large international corporations. The city is also a friendly place for small and medium-sized enterprises and boasts a track record of successful public-private partnerships. Warsaw hosts the largest stock exchange of the region. The city has earned the status of financial and economic centre of this part of Europe and a leading congress and fair-exhibition centre in Poland. Warsaw is a city of great people – the hometown of the pianist and composer Frederic Chopin and the two-time Nobel Prize winner Marie Skłodowska-Curie. Both spent their childhood and youth in Warsaw and both spent their adult life in Paris. Warsaw is a modern and dynamic European metropolis where everybody can relax, discover beautiful places or simply have fun in its many pubs and clubs. Every day thousands of people check what’s on offer in the capital on the websites of Warsaw: www.e-warsaw.pl and www.warsawtour.pl. The capital is also present on social networking sites such as Twitter, YouTube and Facebook. Photo by Zbigniew Panów NBP Technical Cooperation Catalogue 2016 43 Contact Data Technical Cooperation Division International Department Narodowy Bank Polski 11/21 Świętokrzyska Street 00-919 Warsaw, Poland e-mail: tct@nbp.pl www.tct.nbp.pl Ms Magdalena Berlińska Head of Technical Cooperation Division (on leave until September 2016) tel. 48 22 185 45 50 e-mail: magdalena.berlinska@nbp.pl Ms Irena Paszkowska Acting Head of Technical Cooperation Division tel. 48 22 185 91 76 e-mail: irena.paszkowska@nbp.pl Ms Katarzyna Drabarek (on leave until March 2016) tel. 48 22 185 41 41 e-mail: katarzyna.drabarek@nbp.pl Ms Agnieszka Jakubowska tel. 48 22 185 16 25 e-mail: agnieszka.jakubowska@nbp.pl Ms Monika Lenard tel. 48 22 185 13 78 e-mail: monika.lenard@nbp.pl Ms Anna Paprotna tel. 48 22 185 15 72 e-mail: anna.paprotna@nbp.pl Ms Ewa Rakowska tel. 48 22 185 11 08 e-mail: ewa.rakowska@nbp.pl Ms Bożena Śliwińska tel. 48 22 185 28 67 e-mail: bozena.sliwinska@nbp.pl Ms Aneta Szynalik tel. 48 22 185 43 64 e-mail: aneta.szynalik@nbp.pl 44 Narodowy Bank Polski www.nbp.pl NBP Technical Cooperation Catalogue 2016